Where are Su Zhu and Kyle Davies located? The hedge fund founders have not been complying with the proceedings and their present whereabouts are unclear. Therefore, the lawyers engaged in Three Arrows Capital’s British Virgin Islands fund liquidation procedures would surely want to know.
Three Arrows co-founder Su Zhu speaks at Crypto Bahamas. Image: Tracy Wang
In filings filed late Friday in the U.S. Bankruptcy Court for the Southern District of New York, creditors’ attorneys said that the fund’s founders “have not yet begun to cooperate with the [proceeding] in any meaningful manner.”
The attorneys said that individuals identifying as “Su Zhu” and “Kyle” were present in an initial Zoom conversation. Still, their video and audio were muted, and they refused to respond to questions asked directly to them.
According to court filings, when creditors’ attorneys visited Three Arrows’ Singapore office, they discovered it had been abandoned.
Concerns are growing that Three Arrows’ assets, which consist primarily of cash, cryptocurrencies, and non-fungible tokens (NFT), might be readily transferred.
For unknown reasons, NFTs belonging to Three Arrows’ Starry Night NFT fund have already moved to a different wallet.
Creditors are attempting to freeze the assets of Three Arrows. But first, they ask the court to order the founders of Three Arrows to disclose the fund’s assets.
They request the court subpoena the company’s founders and demand that they produce a list of the company’s assets, including wallets it controls, bank accounts, digital assets in its possession, derivatives contracts, securities, accounts receivable, and all company records.
In New York, a court hearing is set for Tuesday morning.