What happened to 3AC's founders?

3AC filed for Chapter 15 bankruptcy last month. The founders of embattled crypto hedge fund Three Arrows Capital (3AC) are missing, and when court-appointed liquidators recently visited the firm’s Singapore office all they found was a locked door and a pile of old mail.

Is 3AC in liquidation?

On June 27, a court in the British Virgin Islands ordered 3AC into liquidation. A few days later, 3AC filed for Chapter 15 bankruptcy in the Southern District of New York. Creditors, meanwhile, have asked a court in Singapore to enforce the BVI liquidation order to gain access to 3AC’s Singapore offices.

Why did three arrows founders break silence?

"Three Arrows Founders Break Silence Over Collapse of Crypto Hedge Fund". Bloomberg News. Archived from the original on 31 October 2022. Retrieved 9 September 2022. ^ a b c d Yaffe-Bellany, David (9 June 2023). "Their Crypto Company Collapsed. They Went to Bali". The New York Times. ISSN 0362-4331. Retrieved 15 June 2023.

How much does 3AC owe Genesis Global Trading?

The crypto hedge fund owes $3.5 billion to 27 different companies, including $2.3 billion to digital currency lender Genesis Global Trading, according to a court filing in the firm’s bankruptcy made public on Monday. “3AC is insolvent and should be wound up,” creditors argued in a 1,157-page affidavit filed in a British Virgin Islands court.