Quinn Emanuel team led by Manhattan lawyer Susheel Kirpalani
Voyager “insiders’” role in loan to troubled hedge fund probed
Crypto brokerage Voyager Digital Holdings Inc. has hired a major law firm to investigate company insiders’ role in a massive loan to troubled hedge fund Three Arrows Capital.
Manhattan lawyer Susheel Kirpalani is leading the Quinn Emanuel Urquhart & Sullivan team handling the probe, according to a Thursday court filing. Kirpalani is charging the company roughly $2,000-an-hour for his services.
Voyager in March lent Three Arrows 15,250 Bitcoins and $350 million before the hedge fund imploded, triggered by the TerraUSD stablecoin collapse and broader crypto asset declines, court documents show.
The coins and cash are valued at $674 million, according to a bankruptcy claim Voyager made this week against Three Arrows, which is liquidating assets in a British Virgin Islands court. It’s unclear if Voyager will collect its unsecured claim in the process, but it...
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