In an affidavit delivered in person in Bangkok, Three Arrows Capital co-founder zhusu said the hedge fund's liquidators made 'inaccurate and misleading' representations to a Singapore court. By JamieCrawleyCD
Zhu described the complex network of Three Arrows entities registered in different jurisdictions including Singapore, the British Virgin Islands and the U.S. state of Delaware. As a result of the diffuse structure, the Singapore-based entity – Three Arrows Capital Pte Ltd – may not be able to comply completely with the liquidators' demands, according to Zhu.
Three Arrows Capital incurred around $400 million in liquidations in mid-June following the sharp downturn in the crypto markets, leaving it
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