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Cryptocurrency News

Liquidators can subpoena 3AC founders despite ‘tricky issues’ with crypto assets

07/13/2022

Less than a minute

2022.07.13 18:05

A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies.

According to a report by Law360 on July 12, U.S. Bankruptcy Judge Martin Glenn issued an order on Tuesday allowing the subpoenas after being told by the counsel for the liquidators that the founders’ whereabouts are unknown and there were fears they could be selling off tens of millions in assets.

Source

07/13/2022

Less than a minute