3AC Founders Reportedly Fled Singapore in Wake of Bankruptcy

© Reuters. 3AC Founders Reportedly Fled Singapore in Wake of Bankruptcy

• Three Arrows Capital founders reportedly fled from Singapore.
• The crypto hedge fund went from $10 billion AUM to filing for chapter 15 bankruptcy.
• A court document lists Su Zhu and Kelly Kaili Chen as creditors.

The legal team for the embattled crypto hedge fund, Three Arrows Capital (3AC), have recently claimed that the founders of the company have fled Singapore.

The crypto hedge fund was one of the firms impacted the hardest by the recent crypto crash, resulting in them having to file for Chapter 15 bankruptcy in a bid to protect their US assets from creditors in the country. This is according to Bloomberg and CNBC. Representatives made the filing in a Southern District New York court just over a week ago.

Filing for bankruptcy did not put an end to the crypto hedge fund’s woes as a British Islands court ordered to liquidate 3AC. This order came at the same time that Voyager Digital issued a notice of default to 3AC for its failure to pay its 15,250 Bitcoin (BTC) and 350 million USDC loan.