- The co-founder is said to have filed a $5 million lawsuit.
- The fund’s investment manager, ThreeAC Limited, has also made a $25 million claim.
Starting with 3AC, Voyager, and Celsius, several companies went bankrupt during this crypto bear market’s decline. In contrast to the other platforms, 3AC has been accused of being unethical. Zhu Su and Kyle Davies have not been seen or heard from since their disappearance. Although he tried to keep a low profile, Zhu Su added his name to the list of unsecured creditors anyhow.
$5 Million Claim as a Creditor
A creditor of 3AC, Soldman Gachs, stated on Twitter that Zhu Su was also listed as a creditor. The co-founder is said to have filed a $5 million lawsuit. Many were taken aback by this, considering he was a creditor of 3AC.
The fund’s investment manager, ThreeAC Limited, has also made a $25 million claim. To the fund’s creditor list, this would rank as one of the biggest 3AC debtors. Many more firms made the cut as well. These included DCG and Voyager, as well as Algorand and De Fiance. Other names on the list were Celsius, BlockFi, CoinList, SBI Crypto, Moonbeam Network and Galaxy Digital. All of these claims against 3AC amounted to $2.8 billion in total. There was more to come, of course.
It’s also important to remember that all 3AC creditors have a meeting set for today to discuss the case. The conference would be overseen by Teneo Restructuring, a corporation chosen by the British Virgin Islands court.
According to Soldman Gachs, Zhu Su is one of the creditors; thus, his attendance at the meeting was likely. Zhu Su’s new action has sparked concern among many, but a few others chose to take a dig at him for it.
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