Three Arrow Capital (3AC) co-founder Zhu Su’s affidavit in Thailand allegedly contained false statements, raising concerns about the founder being jailed as a result of the lawsuit.
Being at the center of the financial crises in the crypto money sector in the past months, 3AChad reached its inevitable end and declared the bankruptcy of the billion-dollar company. Thousands of users suffering and causing large amounts of damage After this bankruptcy news, 3AC investors are talking about the issue. They had sued Su Zhu.
While the litigation process continues, the file on the bankruptcy process is also rising and the founder of the company is waiting for the decision to be “on the ball”, so to speak. In a report published by Bloomberg on August 26, 3AC founder Concerned about facing jail time place was given. Behind these concerns of the founder, in the statements he made to the liquidators dealing with the case at the beginning of August, the company makes misleading statements about the operating details contains the claim. According to the statements of the liquidators, Zhu in sworn statement The fund allegedly made “highly selective and piecemeal disclosures” about its assets.
if the if the allegations are proven and 3AC company to recover victims’ assets fails to provide constructive solutionsThe fate of the founders and officials does not look very bright. Refusing to comment other than his sworn statement, Zhu said in the coming days. serious fines or a place where he will be deprived of his freedom for a long time. may face jail time.