US Court allowed Three Arrow Capital liquidators to serve subpoenas to hedge fund co-founders via Twitter.
Three Arrow Capital (3AC), a Singapore-based cryptocurrency hedge fund, founders Zhu Su and Kyle Davies, were subpoenaed by 3AC liquidators via Twitter.
According to the tweet shared on January 5th, both Su and Davies received subpoenas via email and Twitter.
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It is reported that 3AC liquidators received permission from Singapore authorities following the request from the US Bankruptcy Court in the Southern District of New York.
The 3AC liquidators asked founders to provide “all documents available to you regardless of whether this information is possessed directly by you, your agents, representatives, employees, or investigators; or by any other legal or non-legal entities controlled by or in any manner presently or precisely affiliated with you.”
In the subpoena, liquidators asked 3AC founders to share information about the documents founders once obtained but no longer have access to. The liquidators asked to “state the date and nature of the document and explain why the document is unavailable.”
Nevertheless, it is reported that liquidators aim to receive access to account information, 3AC digital and fiat asset private keys and seed phrases. On top of that, liquidators hope to collect information about securities and unregistered shares, accounts held on centralized and decentralized exchanges.
In December 2022, US Bankruptcy Court granted 3AC liquidators a right to issue subpoenas through the social media platform Twitter. The approval was given as it is unknown where both founders are currently located.
However, it appears that Twitter may be the place where at least one of them is a frequent visitor. Zhu Su and Kyle Davies were actively tweeting on January 5th, commenting on the FTX bankruptcy case. It is worth noting that Zhu Su has recently made several accusations against the Digital Currency Group (DCG) via Twitter.
Three Arrow Capital filed for Chapter 15 bankruptcy at the beginning of July 2022.
by Gile K. – Crypto Analyst, BitDegree
SOURCE: COIN JOURNAL
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