Saturday, September 13, 2025

3AC Founders’ Whereabouts “Currently Unknown”, Ghosted Zoom Calls

The physical location of the founders of the troubled Three Arrows Capital is “currently unknown,” according to court documents filed in New York.

The crypto hedge fund founders, Zhu Su and Kyle Davies, have “not yet begun to cooperate” with the representatives of the creditors. The duo are only being represented by a lawyer in Singapore.

Further, in an introductory Zoom call, while there are users named “Su Zhu” and “Kyle”, both accounts were turned off and muted the whole time.

Image

This is a complete turnaround from Zhu’s promise in his tweet that they are “fully committed” to sorting the insolvency issues.

Last week, 3AC filed a Chapter 15 bankruptcy to shield its US assets from lawsuits. According to the filing, the firm’s outstanding debt from Deribit trading accounts that triggered the liquidation now amounts to US$80.1 million, consisting of 2,319 bitcoin and 31,177 ether. 

Crypto exchanges 8 Blocks and Voyager Digital are among the casualties of 3AC defaulting on its debts. 8 Blocks CEO Danny Yuan claims that the hedge fund has become unresponsive after the firm saw that about US$1 million was missing from their accounts.

For its part, Voyager has also filed a Chapter 11 bankruptcy, hoping to implement a restructuring plan.

A court hearing on the liquidation of 3AC’s assets is scheduled for Tuesday.


Information for this briefing was found via Twitter and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Guanajuato Q2 Earnings: Things Are Going Backwards

Electric Metals: The Sole US Domestic Source Of A Critical Mineral?

Marimaca Copper: The MOD Feasibility Study

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Genesis Revealed With US$2.36 Billion Exposure To 3AC As Firm Goes Bankrupt

Following its assets being frozen by a New York court, the liquidation process of Three...

Monday, July 18, 2022, 03:38:00 PM

Crypto Contagion Explained: Who FTX is Taking Down With Them

How bad is the crypto world about to get?  Well, if you haven’t been paying...

Sunday, November 20, 2022, 01:30:00 PM

Voyager Digital Reveals $655 Million Exposure To Three Arrows Capital

It appears that Voyager Digital (TSX: VOYG) may be in trouble with respect to its...

Wednesday, June 22, 2022, 08:11:39 AM

Three Arrows Capital: Is The Crypto-Based Hedge Fund Headed Towards Insolvency?

The cryptosphere can’t seem to catch a break. This week, Singapore-based Three Arrows Capital or...

Thursday, June 16, 2022, 02:00:00 PM

Three Arrows Capital Founders Face $1.3 Billion Lawsuit over Hedge Fund Collapse

Liquidators at Three Arrows Capital, a bankrupt cryptocurrency hedge fund, are intensifying their efforts to...

Wednesday, June 28, 2023, 11:49:00 AM