The Locations Of The Founders Of Three Arrows Are Unknown As The Court’s “Manhunt” Gets Underway

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Last Updated on October 18, 2022 by Bitfinsider

The liquidators of the defunct cryptocurrency hedge fund Three Arrows Capital are resorting to unorthodox means in order to coerce the fund’s founders into adhering to the legal procedure that is required of them by due process.

At the end of June, a court in the British Virgin Islands reportedly ordered the company to be placed into liquidation. At the beginning of July, the Singapore-based company filed for Chapter 15 bankruptcy in a federal bankruptcy court located in the Southern District of New York.

Now, according to court documents, the court-appointed liquidators from the consultancy firm Teneo and its attorneys have asked a US judge to allow them to serve subpoenas on the founders of 3AC using their social media accounts and email addresses. This was reported on Tuesday by Forkast and other news outlets. Traditional methods of service have failed.

As a result of the disheartening failure of previous attempts to have them cooperate in undertakings that will resolve the matter of giving compensation to investors who lost a significant amount of money with Three Arrows Capital, this action, which is similar to a last resort, has been taken.

The duo’s legal counsel was adamant in their assertion that the limited information they provided about 3AC, which included a “incomplete list of assets and selective disclosures regarding the means to access digital assets electronically,” was all the information that they possessed that related to 3AC, which added to the frustrations that were already present.

Because of the lack of disclosure regarding access information, the piece of intelligence was practically useless.

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