Three Arrows Capital (3AC) Co-Founder, Su Zhu, has broken the four-week lasting silence on Twitter to accuse Teneo partners — the advisory firm appointed to liquidate the remaining assets of 3AC — of baiting.
Sadly, our good faith to cooperate with the Liquidators was met with baiting. Hope that they did exercise good faith wrt the StarkWare token warrants. pic.twitter.com/CF73xI8r6n
— Zhu Su ?? (@zhusu) July 12, 2022
According to published screenshots of emails from Three Arrows Capital’s lawyers, Teneo partners held discussions with 3AC co-founders before the liquidator filed an application to the US court, alleging that Zhu and Kyle Davies failed to cooperate with them.
3AC’s lawyers also claim the liquidators damaged the value of StarkWare — an Ethereum tech provider where Zhu is listed among investors — as they refused to purchase the company’s tokens.
Genesis Reveals Exposure to Three Arrows Capital
Earlier in July, Three Arrows Capital filed a petition under chapter 15 of the US Bankruptcy Code. The law firm Latham & Watkins — which represents the Singapore-based fund — filed the petition in the US Bankruptcy Court for the Southern District of New York.