ThreeAC Limited`s claim for $5 million has been submitted, and other major debtors include GalaxyDigital, Voyager, Algorand, DeFiance, Celsius, BlockFi, etc. Claims total $2.8 billion.
According to 3AC debtor SoldmanGachs cryptocurrency hedge fund debtors' first meeting is expected to be held today, July 18. The meeting agenda will be discussed later. As of now, this is still a certainty.
However, Teneo, the 30AC court-appointed liquidator, is likely to set up a committee of creditors to represent 3AC's debtors, according to an insider.
The failure of the crypto hedge fund led to instability in many other digital currency businesses, including those with close financial ties to 3AC.
Voyager Digital, a New York-based digital currency broker, added $675 million in loans to 3AC, but AC failed to repay the debt last month with $3 billion.
After weeks of silence, Zhu Su recently resumed the engagement on Twitter. In one of his recent articles, he makes the cryptic suggestion that liquidators seduce companies.
Not surprisingly, Zhu didn't spend any time explaining how he and his colleagues toppled the company, nor did he explore the liabilities that the company owes the business VoyagerDigital also has outstanding liabilities.
