Currently, two U.S. legislation entities, the SEC & CFTC, have launched probes into Three Arrows Capital (3AC) for a lengthy list of violations that left a lot of investors in the gutter with over $1 billion in debt.
Subpoenas on Twitter for Three Arrows Capital (3AC)
Moreover, Teneo, the liquidation company, pointed out that “because normal methods have failed,” they want to issue digital subpoenas to the aforementioned owners of the tapped-out crypto hedge fund. That includes Twitter accounts and email addresses, as well as other social media channels.
Crumpler & Farmer, the two court-appointed liquidators, disclosed that the founders of Three Arrows Capital (3AC) haven’t been in touch since July. The duo vanished after the Zoom call and were delinquent in providing enough documentation, according to Russell Crumpler. To illustrate, Crumpler mentioned a safety deposit box with credentials to multiple wallets.
This comes just weeks after 300 NFTs, some of them blue-chip NFTs worth $3.5 million, owned by Starry Night Capital were transferred to a Gnosis Safe wallet. Besides, Three Arrows Capital (3AC) reclaimed $45 million from Convex Finance & Curve.
Why You Should Care
Three Arrows Capital (3AC) was one of the most successful crypto hedge funds, before falling to Terra Luna’s $60 billion crypto beatdown.
Read more about the gripping action in crypto hacks & scams:
Terra Luna Classic (LUNC) on a Downward Slope Prior to Do Kwon’s Interview
Mango Markets (MNGO) Exploiter Pockets $47M Bounty Reward, Claiming Actions Were Legal
See original on DailyCoin
Source: Cryptocurrency - investing.com
