Three Arrows Capital, the crypto hedge fund whose collapse last year heralded the crypto winter, wants a bigger say in Genesis’ bankruptcy affairs. jackschickler reports.
Defunct crypto hedge fund Three Arrows Capital has demanded to be included in a bankruptcy mediation process for crypto lender Genesis Global, according to a Sunday filing.about the contribution Genesis owner Digital Currency Group should make to any restructuring plan. DCG is also CoinDesk’s parent company.
“[Genesis’] mediation and plan negotiation efforts will be unable to address consensually the claims of all stakeholders and thereby maximize the value of the Debtors’ estates without the participation of the [3AC] Joint Liquidators,” said a filing made by Russell Crumpler and Christopher Farmer, appointed to represent the 3AC wind-up in the British Virgin Islands.
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