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Jinse Finance reported that Zhu Su, the joint founder of Three Arrows Capital, posted on social media that the former director of Three Arrows Capital Co., Ltd. made a statement: As far as we know, DeFiance Capital (DC) and Starry Night Capital (SNC) funds have always cooperated with Three Arrows Capital Ltd (Three Arrows Capital Ltd ( TACL) other fund pools are managed separately. Procedurally and practically, we believe that DC and SNC should be treated as separate funds because we did not actively manage the DC and SNC funds while serving as directors of TACL.
As TACL's current acting liquidator, we believe that Teneo has repeatedly attempted to embezzle other investors' funds. Even though the DC and SNC assets rightfully belonged to TACL’s feeder funds from a technical and legal standpoint, TACL was also in liquidation and appointed Interpath to manage the process. We hope that both DeFiance Capital and Starry Night Capital investors will retain ownership of their respective assets in accordance with due legal procedures.