• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Three Arrows Capital to Seek Appropriate Sanctions Over Disappointing Court Filings

July 12, 2022
in Crypto News
Reading Time: 2 mins read
A A
0
Three Arrows Capital to Seek Appropriate Sanctions Over Disappointing Court Filings
0
SHARES
28
VIEWS
ShareShareShareShareShare

After a brief hiatus across social media channels, 3AC co-founder Zhu Su tweeted that their “good faith” to cooperate with liquidators of the hedge fund was “met with baiting.”

  • He also posted snapshots of emails sent by Advocatus Legal LLP, the Singapore-based law firm acting on behalf of the fund’s founders, which mentioned that they will take necessary steps to seek the appropriate sanctions.
  • The law firm asked the creditors if they mentioned in the court filings the threats of physical violence that the 3AC founders and their families were facing.
  • Advocatus Legal LLP also said that their clients have been working under a lot of time pressure and would not proceed with a call that was scheduled for today, given the recent turn of events.
  • The response comes a day after the lawyers seeking emergency provisional relief told the court that the founders of the troubled hedge fund were not cooperating.
  • The filing with the US Bankruptcy Court for the Southern District of New York also mentioned finding an abandoned office and a pile of old mail. They claimed to have failed to locate the founders and speculated that the duo may have fled Singapore.
  • The court-appointed lawyers had also asked the court to subpoena the founders and have them furnish a list of company assets such as wallets it controls, bank accounts, digital assets in its possessions, derivatives contracts, securities, and accounts receivables, and all company records.
  • To comply with the demands, a spreadsheet with details of the company’s assets was attached with the most recent email by Zhu’s lawyers.
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


Credit: Source link

ShareTweetSendPinShare
Previous Post

G20 watchdog preparing crypto regulation for October

Next Post

Fibrenew Growth Surges Through Q2 as Recession-Proof Business Model Continues to Attract Investors

Related Posts

Metacade Announces Breakthrough Collaboration with Polygon Labs
Crypto News

Metacade Announces Breakthrough Collaboration with Polygon Labs

October 4, 2023
2
SOL Exploded by 25% Weekly, Here are the Key Targets (Solana Price Analysis)
Crypto News

SOL Exploded by 25% Weekly, Here are the Key Targets (Solana Price Analysis)

October 3, 2023
5
Polkadot & Composable announced as Diamond Sponsor at the Cosmoverse’23 conference in Istanbul
Crypto News

Polkadot & Composable announced as Diamond Sponsor at the Cosmoverse’23 conference in Istanbul

October 3, 2023
4
Embattled crypto lender Celsius wants to start repaying customers by year-end
Crypto News

Embattled crypto lender Celsius wants to start repaying customers by year-end

October 3, 2023
6
Is presale sensation Memeinator the meme cryptocurrency to never miss in 2023?
Crypto News

Is presale sensation Memeinator the meme cryptocurrency to never miss in 2023?

October 3, 2023
6
Next Post
Fibrenew Growth Surges Through Q2 as Recession-Proof Business Model Continues to Attract Investors

Fibrenew Growth Surges Through Q2 as Recession-Proof Business Model Continues to Attract Investors

Recommended

Bitcoin Price Analysis: 26917 Target Tested Before Retreat – 16 September 2023

Bitcoin Price Analysis: 26917 Target Tested Before Retreat – 16 September 2023

September 16, 2023
5
St. Louis Region’s Rail-Accessible Sites Expand with Infrastructure Investment

St. Louis Region’s Rail-Accessible Sites Expand with Infrastructure Investment

September 21, 2023
4
GEODIS to Hire 3,000 Seasonal Workers for Peak Season

GEODIS to Hire 3,000 Seasonal Workers for Peak Season

September 9, 2023
7
US Electric Vehicle Sales still have a lot to do with China

US Electric Vehicle Sales still have a lot to do with China

October 1, 2023
6
Behind the Scenes: A Peek Into the Credit Card Transaction Process

Behind the Scenes: A Peek Into the Credit Card Transaction Process

October 2, 2023
3
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Metacade Announces Breakthrough Collaboration with Polygon Labs
  • SOL Exploded by 25% Weekly, Here are the Key Targets (Solana Price Analysis)
  • July 2023 Sees U.S. Narrow Fabric Import Decline by 3% to $99M

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?