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(23-07-2022, 03:58 PM)Behappyalways Wrote: Some entities will be hit with provisions and bearing in mind there are quite a few 'Three Arrows' out there collapsing...
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Creditors of the fund, recently registered in the British Virgin Islands, filed paperwork saying they're owed more than US$2.8 billion (S$3.89 billion) in unsecured claims.
That figure is expected to rise significantly, court papers show.
Three Arrows liquidators seize $55.6m from crypto hedge fund as asset probe widens
S'pore-based crypto hedge fund Three Arrows owes Genesis parent $1.7b
To date, liquidators overseeing the insolvency have gained control of assets worth at least US$40 million.
Well, he did really lose his shirt now. But probably there is a lot of assets stored up in cold wallets or offshore. So he is fine but probably on the run for life (since he is speculated to owe money to organized crime)
The Crypto Geniuses Who Vaporized a Trillion Dollars
The Flow offices, full of servers, ran hot, and he would come to work in short-shorts and a T-shirt, then remove the shirt, leaving it off even when he went through the building’s lobby. “Su would be walking around topless in his mini-shorts,” a former colleague recalls. “He was the only one who’d take off his shirt and trade.
Zhu’s and Davies’s public personae became even more extreme; their tweets were increasingly pompous, and social acquaintances say they didn’t bother to hide their condescension toward friends from the past and less wealthy contemporaries. “They have very little empathy toward most people, especially normal commoners,” says a onetime friend.
https://nymag.com/intelligencer/article/...crash.html