Kyle Davies @KyleLDavies, Co-Founder of 3AC, wrote on Twitter: 

oday we held an ad hoc 3AC creditor meeting. All creditors are open to join and this will be a regular meeting.

Here is an overview of the points discussed: 

We and other creditors of 3AC are frustrated with the current bankruptcy process. Ongoing costs are high, assets are not being thoughtfully handled, intercreditor disputes are delaying the process, and the estate value is not being maximized.

We believe the best way forward is to reduce the ongoing legal costs, pursue claims on a contingency basis against Luna consortium/FTX/Genesis, and organize better ways to deal with asset sales/distributions.

Creditors may decide to establish an ad hoc creditor committee to meet regularly in order to progress the interests of the estate.

Albright vs Luna consortium case was withdrawn by the plaintiffs. This may set a precedence for future Luna related lawsuits.

There is currently a dispute between Genesis and other large creditors. Genesis's claim collateral marks could be $500m too high. Genesis’s claim status and role on creditor committee could be reconsidered.