Three Arrows Capital co-founder Su Zhu broke his Twitter silence Tuesday by posting screenshots of an email sent from his legal counsel to legal representatives of Three Arrows's liquidators. He alleged the liquidators are "baiting" Zhu and co-founder Kyle Davies into providing evidence for court filings and ignoring their attempts to work with them in good faith.
- In legal documents filed late Friday, lawyers for Three Arrows's liquidators said Zhu and Davies were not cooperating with the proceedings and their location is unknown.
- Three Arrows's legal counsel, Christopher Daniel of Singapore's Advocatus Law, said his clients had faced threats of physical violence and a number of queries from the Monetary Authority of Singapore.
- In the screenshot posted by Zhu, Daniel says Three Arrows has not been given copies of the court documents filed in New York Friday.
- He also said the fund had compiled a list of assets and sent it to the liquidators. That was requested by the liquidators, who are set to ask a U.S. court to subpoena Zhu and Davies to provide the document.
- A court hearing is scheduled for Tuesday morning at the U.S. Bankruptcy Court for the Southern District of New York.
UPDATE (July 12, 11:38 UTC): Updates third and fourth bullets with additional information.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.