Three Arrows Capital Says Cooperation With Liquidators Met With ‘Baiting’ #togrp7

Three Arrows Capital (3AC) co-founder Su Zhu broke a month-long silence today, taking to Twitter to post screenshots of a recent email from Advocatus Legal LLP, the law firm acting on behalf of 3AC, sent to legal representatives of the Singapore-based firm’s liquidators.

One of the letters that have been made public accuses Russell Crumpler and Christopher Farmer, who were appointed by a British Virgin Islands court to serve as 3AC’s liquidators, of “baiting” both Su and Kyle Davies, the fund’s other co-founder. In a July 8 filing with the U.S. Bankruptcy Court in New York’s Southern District, Russell Crumpler and Christopher Farmer reported that the 3AC founders “have not yet begun to cooperate with the [proceeding] in any meaningful manner.” #togrp7