3AC founders’ whereabouts remain unknown

Three Arrows Capital (3AC) founders Kyle Davis and Su Zhu “continue to conceal their whereabouts”, according to Latham and Watkins lawyer to Adam Goldberg.

Goldberg, who is representing Teneo, the liquidator of the bankrupt crypto hedge fund,
said Davies and Zhu have only handed over “piecemeal” and “selective” disclosures on company assets, their whereabouts, and next steps.

Goldberg acknowledged that pair had given some insight in an interview for Bloomberg. It was their first extended public comment since filing for bankruptcy protection, and both company founders were cagey in their responses while downplaying spending, and placing the blame on the 3AC downfall, on the current crypto market and over borrowing.

“If we were more on our game, we would’ve seen that the credit market itself can be a cycle and that, you know, we may not be able to access additional credit at the time that we need it”, Zhu said.

With both Davies and Zhu under speculation surrounding remaining assets, Goldberg stated he does “expect to be before this court again to seek further assistance in the coming days and weeks”.

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Updated: 07/29/2022 — 12:00

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