1 year ago
3AC co-founder Kyle Davies announceed regular meetings with creditors, noting each progressive parties are invited to attend.
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Kyle Davies, the co-founder of bankrupt hedge money Three Arrows Capital (3AC), disclosed successful a Twitter thread that the archetypal gathering of 3AC creditors was held connected Jan. 11. Davies invited each creditors to articulation the radical and announced that it would conscionable regularly.
According to Davies, creditors proceed to explicit vexation with the ongoing costs and handling of assets successful the bankruptcy process, suggesting that, "inter creditor disputes are delaying the process, and the property worth is not being maximized."
Today we held an advertisement hoc 3AC creditor meeting. All creditors are unfastened to articulation and this volition beryllium a regular meeting.
Here is an overview of the points discussed:
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The radical discussed respective topics, including ways to trim "ongoing ineligible costs, prosecute claims connected a contingency ground against Luna consortium/FTX/Genesis, and signifier amended ways to woody with plus sales/distributions."
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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