Illustration by Alex Castro / The Verge
Where in the world are Su Zhu and Kyle Davies? The founders of the cryptocurrency hedge fund Three Arrows Capital (3AC) are nowhere to be found, according to officials charged with liquidating the bankrupt company (via Reuters). According to a court document filed Friday, Zhu and Davies’ whereabouts are currently unknown, and its liquidators say they have not received “any meaningful cooperation” from the two.
The Singapore-based 3AC filed for Chapter 15 bankruptcy earlier this month, a move designed to protect foreign companies’ assets from creditors in the US. News of the bankruptcy filing surfaced after 3AC defaulted on a $670 million loan provided by crypto broker Voyager Digital, which has since filed for bankruptcy as well. 3AC also reportedly failed to repay $270 million to crypto exchange Blockchain.com. A British Virgin Islands court tasked business management company Teneo with overseeing 3AC’s liquidation.
There’s an “imminent risk”...
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