Kyle Davies, co-founder of bankrupt hedge fund Three Arrows Capital (3AC), revealed in a Twitter thread that 3AC’s first assembly of collectors was held on January 11. Davies invited all collectors to affix the group and introduced that the group would meet often.
In keeping with Davies, collectors proceed to precise frustration over the prices and administration of property within the chapter course of, suggesting that “disputes between collectors are delaying the method and the worth of the state will not be being maximized.”
In the present day we held an advert hoc 3AC creditor assembly. All collectors are open to affix and this can be a daily assembly.
Right here is an summary of the factors mentioned:
0/n
—Kyle Davies (@KyleLDavies) January 11, 2023
The group mentioned varied matters, together with methods to cut back “ongoing authorized prices, pursue claims on a contingency foundation in opposition to the Luna/FTX/Genesis consortium, and set up higher methods to cope with asset gross sales/distributions.”
It is a growing story, and extra info can be added because it turns into obtainable.
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