Founder of Three Arrows Capital: regular creditor meetings will be held, and ad hoc creditor committees will be set up to handle asset distribution

Kyle Davies, founder of Three Arrows Capital, tweeted, "Today we held a special 3AC creditor meeting, all creditors can join, this will be a regular meeting. Discussion points include: The best way to move forward with the current bankruptcy process is Reduce ongoing legal costs, file claims against Luna Consortium/FTX/Genesis on a contingency basis, and organize better ways to handle asset sales/distributions. Creditors may decide to set up an interim committee of creditors to meet regularly to advance the interests of the estate. The Albright vs Luna consortium case was withdrawn by the plaintiffs. This may set a precedent for future litigation related to Luna, given the ongoing dispute between Genesis and other large creditors, Genesis' claimant status and role on the creditors' committee may be reconsidered."