The assets of Three Arrows Capital (3AC) may be “rolled over or otherwise disposed of” prior to liquidation of the company. CoinDesk writes that similar concerns have been raised by creditors’ representatives.

Su Zhu and Kyle Davis contacted the plaintiffs’ lawyers via Zoom without video, but only their lawyers answered questions put to them. The whereabouts of the founders are not yet known. According to the document, the Singapore office of Three Arrows Capital is not operational.

To date, 3AC tokens from the Starry Night NFT collection have been transferred to a new address.

Lenders attempt to seize hedge fund assets after providing a list of founders. It can include wallets, bank accounts, cryptocurrencies, derivative contracts, securities, receivables. For this, the plaintiffs demanded that the founders be summoned to court.

The first hearing will be held on July 12.

Previously, it was known that 3AC continues to actively trade through an offshore trading service.

Recall that in June, against the background of the collapse of the cryptocurrency market, there were rumors about the bankruptcy of Three Arrows Capital. Trading firm 8 Blocks Capital accused the hedge fund of using client funds to cover margin calls.

Crypto broker Voyager Digital has sent 3AC a notice of default due to non-payment of a loan.

The British Virgin Islands Court ordered the liquidation of the hedge fund and the Monetary Authority of Singapore issued a reprimand for providing 3AC with false information and exceeding the threshold of allowable assets under management.

In early July, Three Arrows Capital filed for bankruptcy in New York court.

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