3AC is an insolvent investment fund under a traditional Master-Feeder structure registered in the British Virgin Islands and focused on the crypto/digital asset space with c.$3bn of creditors.
Russell Crumpler and Chris Farmer were appointed as liquidators of 3AC by order of the BVI court to conduct an orderly and equitable wind-down of the Company; with a duty to protect, collect and realize its assets for the benefit of all its creditors.
We are also providing communications support with respect to the company’s website, media relations and on the record corrections.
Upon their appointment, the liquidators have control of the management and affairs of 3AC. The liquidators have been working with various stakeholders and other interested parties to unwind 3AC’s complex business model, which focused principally on the borrowing and investment of funds to trade in crypto-related markets and products.
To aid in that process, a creditors committee has been established to both work with the liquidators and to represent the interests of the creditor body as a whole through the insolvency process.
Our work with the Company and its various stakeholders is ongoing.