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British Virgin Islands Court Orders 3AC Founders to Attend Examination on Dec. 19

Kyle Davies and Su Zhu, founders of crypto hedge fund Three Arrows Capital (3AC), have been ordered to attend court in the British Virgin Islands on December 19 as part of the liquidation proceedings for the fund, which collapsed last year. The founders will be found in contempt of court if they fail to reply to the order. They are required to provide liquidators with all documents relevant to the firm's bankruptcy by April 14. 3AC imploded last June as a depressed crypto market exposed the firm's long-only trading strategy. The collapse triggered similar collapses from multiple other crypto firms. Companies with 3AC exposure, such as Voyager Digital, Celsius, and Genesis Asia Pacific, subsequently filed for bankruptcy.

(By Jamie Crawley)

3AC Three Arrows Capital
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