Three Arrows Capital Liquidators Seek $1.3 Billion From Founders

The liquidators of Three Arrows Capital are seeking $1.3 billion from the hedge fund's co-founders, Su Zhu and Kyle Davies. The liquidators claim that Zhu and Davies incurred debt when the firm was already insolvent, resulting in losses for the firm's creditors. The allegations include taking on significant leverage and making ill-fated investments in Terra's LUNA tokens and other assets.