The founder of the cryptocurrency fund Three Arrows Capital broke his silence for the first time in four weeks, informing his subscribers about the threats he was receiving.
Recently, lawyers suspected the founders of Three Arrows Capital (TAC) Su Zhu (Su Zhu) and Kyle Davies (Kyle Davies) of unwillingness to cooperate with interested parties and an attempt to escape from justice. Suspicions were fueled by the four-week silence of Zhu and Davis, who have not posted anything on Twitter all this time. However, on Tuesday, July 12, Zhu finally got in touch with his subscribers.
“Unfortunately, conscientious cooperation with the liquidators to pay off our obligations turned into harassment for us. I hope these people show good faith regarding StarkWare crypto assets,” Su Zhu wrote.
Businessman
shared screenshots of two emails from Advocatus Law LLP, according to which the liquidators tricked TAC into a “fair discussion” in order to collect evidence of the fund’s insolvency and use it in court documents. Zhu assures that the families of the foundation’s founders even received death threats. The founders of the fund have been contacted by the Central Bank of Singapore, which intends to seek “appropriate sanctions” in connection with the alleged bullying.
According to a copy of the second email posted by Zhu, another claim against the liquidators is that they agreed to take advantage of the StarkWare crypto asset offer until July 5, and then withdrew without warning, causing losses to creditors. TAC led the investment in StarkWare, and Zhu is said to be one of the creditors.
This year, the company raised $100 million in investments, bringing its capitalization to $8 billion. With funding from companies like Three Arrows Capital, StarkWare was supposed to be able to launch its own crypto asset.
It is not clear to which liquidator the emails from Advocatus Law LLP were addressed. However, back in June, it became known that cryptocurrency broker Voyager sent a notice of default to TAC. According to media reports, Three Arrows Capital owed the broker $665 million.
At the end of June, the British Virgin Islands court ruled on the liquidation of Three Arrows Capital, but the question of the form of debt repayment remains open.
Source: Bits
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