Where in the world are the 3AC founders? Speculations abound
Rumor has it that they are heading to or already in Dubai, says a lawyer with 30 years of experience. But can they stay there forever? The creators of Three Arrows Capital are missing, according to reports, when court-appointed liquidators visited the firm's Singapore headquarters recently, all they discovered was a locked door and a stack of outdated mail.Singapore-based 3AC is among the flagship cryptocurrency firms that have crumbled under bear pressure and faced liquidity issues driven by the market sell-off in recent weeks. In June, a court in the British Virgin Islands, where 3AC had....
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This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located in the United Arab Emirates. Zhu said that he would “maybe” accept being called “stupid,” but people saying that he “absconded funds during the last period” is “not true.”
3AC Founders Discuss the Company’s Financial Woes
The....
The long-lasting legal battle between co-founders of China-based Bitmain seems to have seen the light at the end of the tunnel after both parties agreed to reach an agreement. Legal Tussle Between Bitmain Co-Founders Reportedly Ended With a $600 Million Compensation for Jihan Wu According to Chinese media outlets, citing local crypto journalist Colin Wu, Jihan Wu and Micree Zhan reportedly agreed to arrange a $600 million compensation in favor of Jihan Wu, while Zhan will retain the control of the mining hardware manufacturer company operations. However, as part of the settlement, Zhan....