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News

Zhu Su Files A $5 Million Claim Against His Own Company

July 18, 2022 - Around 2 mins mins to read

Zhu Su, the co-founder of the failed crypto lending firm Three Arrows Capital (3AC), has filed a $5 million claim against their own company. During this bad market, Three Arrows Capital, or 3AC, declared bankruptcy.

Zhu Su Files A $5 Million Claim Against His Own Company
Zhu Su Files A $5 Million Claim Against His Own Company

Zhu Su – 3AC limited filed a $25 million claim

Zhu Su Files A $5 Million Claim Against His Own Company
Zhu Su – 3AC limited filed a $25 million claim

ThreeAC Limited, the Fund’s investment manager, has also filed a $25 million claim. As a result, the Fund would be counted among the top 3AC creditors. BitGo, Voyager, Algorand, DeFiance, Celsius, BlockFi, SBI Crypto, Moonbeam Network, and Voyager were among the companies on the list.

The total amount of claims filed against 3AC was $2.8 billion. There was more to come, so this wasn’t the end. It should be noted that the procedures will be discussed at today’s 3AC creditors meeting. Teneo Restructuring, a company chosen by the British Virgin Islands court, would oversee the conference. Zhu Su is one of the creditors, according to Soldman Gachs. As a result, there was a good chance he’d show up to the meeting.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

3AC

declared bankruptcy

Fund's investment manager

Three Arrows Capital

ThreeAC Limited

Zhu Su

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Zhu Su Files A $5 Million Claim Against His Own Company

Zhu Su, the co-founder of the failed crypto lending firm Three Arrows Capital (3AC), has filed a $5 million claim against their own company. During this bad market, Three Arrows Capital, or 3AC, declared bankruptcy.

Zhu Su Files A $5 Million Claim Against His Own Company
Zhu Su Files A $5 Million Claim Against His Own Company

Zhu Su – 3AC limited filed a $25 million claim

Zhu Su Files A $5 Million Claim Against His Own Company
Zhu Su – 3AC limited filed a $25 million claim

ThreeAC Limited, the Fund’s investment manager, has also filed a $25 million claim. As a result, the Fund would be counted among the top 3AC creditors. BitGo, Voyager, Algorand, DeFiance, Celsius, BlockFi, SBI Crypto, Moonbeam Network, and Voyager were among the companies on the list.

The total amount of claims filed against 3AC was $2.8 billion. There was more to come, so this wasn’t the end. It should be noted that the procedures will be discussed at today’s 3AC creditors meeting. Teneo Restructuring, a company chosen by the British Virgin Islands court, would oversee the conference. Zhu Su is one of the creditors, according to Soldman Gachs. As a result, there was a good chance he’d show up to the meeting.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News