3AC Liquidators Ask Judge to Compel Co-founder’s Cooperation
Following Terra’s demise in May, the repercussions of its demise have had a significant impact on a number of businesses. In 2022, cryptocurrency lending platforms such as Celsius Network, Voyager, and Three Arrows Capital ( 3AC ), declared bankruptcy, illustrating the challenges of cryptocurrency firms struggling to stay afloat. The 3AC founders reportedly went into hiding. There were speculations of them spending $50 million on a yacht, amidst being in billions of dollars of debt, that circulated. Recently, it has also come to light that the 3AC founders are building a new cryptocurrency exchange called “GTX.” Read more: Sam Bankman-Fried’s FTX Paid $20.3M to Lawyers During Initial Bankruptcy Months Now, according to the latest details from a new court filing, the 3AC liquidators are seeking assistance from the judge in exchange for the cooperation of co -founder Kyle Davies . Source: Bloomberg 3AC liquidators stated that Davies is withholding inform...