Three Arrows Liquidators Seek $1.3 Billion From Fund’s Founders
- Liquidators say founders incurred debt when firm was insolvent
- Losses are part of $3 billion owed to Three Arrows’ creditors
This article is for subscribers only.
Three Arrows Capital liquidators are seeking to recover $1.3 billion from the co-founders of the failed crypto hedge fund, an amount that reflects losses the founders are accused of racking-up in the months before the firm collapsed, according to a person familiar with the liquidators’ claims.
The liquidators discussed the allegations against Three Arrows co-founders Su Zhu and Kyle Davies at a Tuesday meeting with the hedge fund’s creditors, the person said.