Su Zhu, among others, files a $5 million claim against his own company, according to sources.
Su Zhu, the co-founder and CEO of bankrupt Three Arrows Capital (3AC), is said to be one of the creditors who filed claims against the beleaguered crypto hedge fund.
This information was given by a Twitter account known as 'Soldman Gachs,' who also claimed to be one of Three Arrows Capital's creditors.
“I just saw the list of creditors to #3AC and noted that @zhusu has filed a $5 million claim.” “While on the run, he has found the time to methodically and mercilessly fill out documents in order to pursue a claim against his own Fund,” he claimed in a tweet.
While Su Zhu's claim against his own firm may appear strange, Soldman Gachs also stated that ThreeAC Limited, 3AC's investment manager, filed a $25 million lawsuit against Three Arrows Capital. The creditor also revealed a list of the company's other creditors, including Digital Currency Group (DCG), Algorand, CoinList, and the MoonBeamNetwork, among others.
Teneo Restructuring disclosed the list of creditors for the first time after being appointed by a British Virgin Islands (BVI) court to manage 3AC's liquidation procedure. These creditors were apparently scheduled to meet on Monday, July 18.
The total sum of all claims against Three Arrows Capital was $2.8 million, and according to Soldman Gachs, some of these debtors filed for as little as $1 with the right to sue.
It is quite doubtful that 3AC has sufficient security and assets to fulfill all of these demands, a harsh fact that may cause some creditors to lose money. In the present crypto environment, the liquidation process is a cycle, and one of 3AC's debtors, Celsius Network, just filed for bankruptcy in the United States.
As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!
iOS: t.ly/UUCj
Android: t.ly/cfYt