3AC founder: Regular creditor meetings will be held, and a temporary creditor committee will be established to handle asset distribution

ChainCatcher news, 3AC founder Kyle Davies tweeted, "Today we held a special 3AC creditors' meeting, open to all creditors, which will be a regular meeting. Key discussion points include: the best way to advance the current bankruptcy proceedings is to reduce ongoing legal costs, to make claims against the Luna consortium / FTX / Genesis on an emergency basis, and to organize better methods for handling asset sales / distributions. Creditors can decide to establish a temporary creditors' committee to meet regularly to advance the interests of the estate. The Albright vs Luna consortium case has been withdrawn by the plaintiff. This may set a precedent for future litigation related to Luna, as there are currently disputes between Genesis and other major creditors, and Genesis's creditor status and role in the creditors' committee may be reconsidered." (source link)