The Founder of Three Arrows Capital (3AC) has broken his month-long silence yesterday as he came out to tweet that his company’s efforts to cooperate with liquidators had been met with baiting. He tweeted screenshots from letters that the law firm representing 3AC, Advocatus Legal LLP had sent to the legal representatives of 3AC’s liquidators.

One of the letters that he tweeted strongly accused Christopher Farmer and Russel Crumpler (appointed by a British Islands court to be 3AC’s liquidators) of trying to bait him and his co-founder, Kyle Davies. The tweet had the caption “Sadly, our good faith to cooperate with the Liquidators was met with baiting. Hope they did exercise good faith with the Starkware token warrants”.

He then proceeded to share screenshots of an email in which 3AC’s lawyers accused their liquidators of failing to exercise an already pre-agreed purchase offer for Starkware tokens. This has caused the value of 3AC to plummet.

It is worthy of note that 3AC took part in the Starkwares Series B funding round in 2021 towards their Ethereum layer-3 scaling solution called starknet but the project is yet to launch. Many observers have speculated that the token purchase warrants stated in the mail by 3AC’s legal representation could mean that a Starknet native token could be imminent.

This is coming after 3AC’s liquidators filed in court that Su Zhu and Kyle Davies have not cooperated in a meaningful manner with the proceedings. The filing also hinted that the liquidators didn’t know the founder’s whereabouts and they suspected that the founders could attempt to move the firm’s assets to other accounts.

3AC’s legal representatives, Advocatus Legal LLP however questioned the liquidators over the threats that the 3AC founders and their families were receiving from creditors. Advocatus Legal LLP insisted that the current disappearance of the 3AC founders is for security reasons and has nothing to do with a breach of trust.

Featured image source: metacrunch.org