Three Arrows Capital’s bankruptcy petition says Co-founders may have departed Singapore
Three Arrows Capital’s bankruptcy petition indicates that Su Zhu and Kyle Davies’ present whereabouts are unclear and that they may have departed Singapore.
The present whereabouts of the co-founders of the troubled crypto hedge company Three Arrows Capital are unclear. Su Zhu and Kyle Davies cannot be located, according to a petition for bankruptcy filed with the United States Bankruptcy Court for the Southern District of New York. It reads:
Foreign officials comprehend and think that Mr Davies and Mr Zhu’s current whereabouts are unknown, notwithstanding the Debtor’s activities in Singapore. It is claimed that they had fled Singapore.
Earlier, it was rumoured that Su Zhu would sell his Singapore mansion
The fact that the whereabouts of the co-founders of Three Arrows Capital are unknown coincides with suspicions that Su Zhu planned to sell his $35 million Singapore property and transfer the funds to a bank in Dubai.
Additionally, the bankruptcy petition discloses previously inaccessible financial details about Three Arrows Capital’s activities. As of April 2022, the hedge fund was managing over $3 billion in assets, according to the document.
In addition, the bankruptcy petition filed by Three Arrows Capital’s representatives demands a stay of creditors’ attempts to collect the company’s assets in response to a British Virgin Islands liquidation order. It reads:
The Debtor filed for liquidation with the BVI Court on June 27, 2022, and the BVI Court appointed the Foreign Representatives as joint liquidators of the Debtor.