BREAKING: Three Arrows Capital’s Zhu Su breaks silence, accused liquidators of ‘baiting’
‘Our good faith to cooperate with the liquidators was met with baiting,’ Three Arrows Capital’s Zhu Su says in his first tweet in nearly four weeks.Zhu Su, co-founder of the embattled crypto hedge fund Three Arrows Capital , spoke out on Tuesday morning on Twitter, following nearly a month of silence on the status of the future of funds connected to his business.: “Sadly, our good faith to cooperate with the liquidators was met with baiting.
3AC had been a victim of the market-wide crypto selloff last month. As its balance sheets were hit, it began insolvency proceedingsZhu, today, tweeted screenshots of emails which appear to be from 3AC lawyers, Advocatus Law LLP. The first argues that creditors have failed to engage with the process of liquidation “in good faith.”
“It now appears clear why your Singapore solicitors were keen to ask if the discussions were on a 'without prejudice' basis. It was to use the discussions in Court filings without notice to our clients.”The second screenshot addresses the company’s relationship with the Israeli crypto startup StarkWare — and whether 3AC’s liquidators had exercised the right to buy a StarkWare token.
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