A restraining order has been issued by a court in Singapore against Arthur Hayes, one of the co-founders of the BitMEX trading platform due to repeated targeted posts made on Twitter. The order was acquired by Su Zhu, who was a co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC).
$6 Million In Question
After the failure of the fund a year ago, the former CEO of BitMEX has been vehemently tweeting against Su Zhu and his co-partner Kyle Davies, mostly seeking for the 6 million dollars that he believes is entitled due to the fund’s collapse following the Terra UST debacle.
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The ruling that was issued by Judge Sandra Looi Ai Lin of the Harassment Court stipulates that Hayes will not be permitted to establish contact with Zhu through any means, and that he is prohibited from releasing “any identity information.” According to the injunction, Hayes can have the ruling delivered to him through his Twitter account.
Arthur Mocks 3AC Founders
The 38-year-old crypto entrepreneur has publicly criticized about 3AC’s debacle and even mocked their future endeavors. In one of these tweets, dated May 2, Hayes stated that they owed $6 million to him which apparently went ignored.
Awe that’s sweet, is that your way of using symbolism to represent the $6 million you owe me? 1 Oyster = $1 million … https://t.co/ehWJ4wUfXB
— Arthur Hayes (@CryptoHayes) May 2, 2023
According to documents filed with the court, 3AC is responsible for paying individual claimants in excess of one billion dollars. In the interim, Zhu and Davies made preparations to develop OPNX, a platform that enables investors to trade bankruptcy claims for defunct businesses such as FTX, Celsius, BlockFi, etc. Meanwhile, Hayes has established his own crypto fund called Maelstrom.
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