Bloomberg: 3AC Liquidators Are Seeking to Recover $1.3 Billion from 3AC Co-Founders

The liquidators of Three Arrows Capital (3AC) are seeking to recover $1.3 billion from the hedge fund's co-founders, according to a person familiar with the liquidators' claims, Bloomberg reported. The liquidators discussed the allegations against Three Arrows Capital co-founders Su Zhu and Kyle Davies at a meeting with creditors on Tuesday, after they allegedly caused 3AC to assume significant leverage between May and June 2022, after 3AC had already suffered significant losses on Luna tokens and other investments. significant losses on Luna tokens and other investments. The liquidators believe that the company has become insolvent and are now taking action against Su Zhu and Kyle Davies in the BVI courts to recover these losses for the company's creditors.