Talk about an angry tweet.
The United States Bankruptcy Court in the Southern District of New York slapped the founders of Three Arrows Capital, a failed crypto hedge fund, with a subpoena on the social media platform Twitter.
Liquidators served the subpoena to Three Arrows founders Kyle Davies and Su Zhu with the goal of seeking to access a range of information, including account details, seed phrases, and private keys for the hedge fund's digital and fiat assets, as well as information about securities and unregistered shares.
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The subpoena also requests access to any accounts held on centralized or decentralized exchanges, along with any other tangible or intangible assets.
@KyleLDavies jpg copies of the subpoena are attached to this tweet by way of service. An unredacted copy of the subpoena was served via email and can be provided upon request. pic.twitter.com/XAYzQ4Oveo— 3ACLiquidation (@3ACLiq) January 5, 2023
Three Arrows Capital once boasted a net worth of $10 billion. It filed for Chapter 15 bankruptcy on July 1.
Since then, the hedge fund has faced challenges in its bankruptcy process, in part due to the unknown whereabouts of its founders.
Liquidators for the hedge fund have previously claimed that Davies and Zhu are located in Indonesia and the United Arab Emirates, respectively, which can make it difficult to enforce foreign court orders.
The founders' citizenship and location have also been called into question by the court, as it could impact the court's ability to exercise personal jurisdiction over them.
The subpoena requested that Davies and Zhu furnish all documents available to them, regardless of whether the information is possessed directly by them or by any other legal or non-legal entities affiliated with them.
If any of the required documents are no longer in the possession, custody, or control of the co-founders, the subpoena requires them to "state the date and nature of the document and explain why the document is unavailable."
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