Three Arrows is trying to stave off more legal bouts during complex financial deals.
The liquidators of failed crypto hedge fund Three Arrows Capital have filed an application in the High Court of Singapore for a stay on claims against 3AC and access to the company’s Singapore headquarters. The liquidatorsin the 1,157-page document that a court decision is needed in light of the number legal proceedings that may arise in the near future and the “virtual radio silence from the management/directors of the Company.
According to the July 9 application, the Singapore office may contain cold wallets or information on how to access 3AC trading accounts, whichbefore any of it is removed or destroyed. The application lists previous unsuccessful efforts to obtain information from company directors Su Zhu and Kyle Davies and their representatives.
Details of 3AC’s financial woes continue to emerge. According to The Street, 3AC’s biggest creditor, trader Genesis Asia Pacific, a subsidiary of Digital Currency Group, loaned 3AC $2.36 billion.
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