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3AC Bankruptcy Process Faces Challenges Amid Unknown Whereabouts of Founders

Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to subpoena the now-bankrupt crypto hedge fund's founders through Twitter, according to a decision from judge Martin Glenn during a virtual hearing for the Southern District of New York Bankruptcy Court on Dec. 2.

Lawyers representing the liquidators in the process claimed that Zhu Su and Kyle Davies, founders of the hedge fund, repeatedly failed to engage with liquidators in the past months.

Liquidators claimed the founders of the company are located in Indonesia and the Emirates, which have difficulty enforcing foreign court orders.

3AC Three Arrows Capital
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