Liquidators are trying prevent the potential 'dissipation' of the fund’s assets 😲
— The founders of bankrupt crypto hedge fund Three Arrows Capital haven’t been cooperating in the firm’s liquidation process and their whereabouts were unknown as of Friday, according to court papers.
Lawyers for Zhu and Davies told Three Arrows’ liquidators that the two intend to cooperate. A meeting between the liquidators and attorneys is scheduled for Monday, while a court hearing is set for Tuesday. The liquidators, meanwhile are trying prevent the potential “dissipation” of the fund’s assets, Russell Crumpler of Teneo said in a sworn declaration.
The hedge fund’s liquidators travelled to Three Arrows’ office address in Singapore in late June in an attempt to track down the founders, according to court papers. It appeared dormant: the door was locked, computers were inactive and mail was stuffed under the door. People working in the surrounding offices said they hadn’t seen anyone enter or exit the office recently.
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