On July 1, 3AC filed for Chapter 15 bankruptcy because it was unable to pay its debts to protocols like Voyager (VGX) and Celsius Network (CEL). What Are The 3AC Founders Doing Right Now? Let's see.
Two US agencies now investigating 3AC
Currently, 3AC is being investigated by both the Commodity Futures Trading Commission and the US Securities and Exchange Commission (SEC). The commissions are investigating whether the hedge fund misled its balance sheet to investors and neglected to register with the required agencies.
What Are The 3AC Founders Doing Right Now?
The founders are remaining quiet in the meantime. The last time Zhu tweeted was on 12 July after he blamed the liquidator for “baiting”, instead of acting in good faith. On Twitter, Davies has also been inactive; his most recent original tweet was from June.
According to Bloomberg, liquidators now have tens of millions of dollars from 3AC. This comes after the announcement that Teneo would be liquidating the most expensive non-fungible tokens (NFTs) issued by 3AC.
As of earlier on October 19, the portfolio of more than 300 NFTs has an estimated worth of 625 ETH, or little over $81,000, according to blockchain analytics platform Nansen. But this is far from the billions of dollars owed in debt to Voyager, Celsius and other creditors.
Hopefully, reading this article, "3AC Is Being Investigated By Two US Agencies: What Are The 3AC Founders Doing Right Now?" can help you to understand it better.
