The founders of Three Arrows Capital, a failing cryptocurrency hedge fund, were recently served with a subpoena by the Southern District of New York United States Bankruptcy Court. The founders, Kyle Davies and Su Zhu are the targets of the subpoena, which was delivered by liquidators via the well-known social media site Twitter.
They have been ordered to allow an inspection of the premises at a specified date and time and to produce all papers in their possession (regardless of whether they are held by them directly or by a third party).
In July, Three Arrows Capital filed for bankruptcy, leaving many investors with no money.
The collapse of Three Arrows Capital continues to have an impact on the markets for digital assets. Genesis Global Trading’s parent company, Digital Currency Group, sued them for $1.2 billion after its subsidiary’s lending division was compelled to halt new loan originations and redemptions in November.
Even though the controversial founders are still active on Twitter, nobody knows where they are. The founders of 3AC were not willing to help, according to a spokeswoman for Teneo Consulting Group, which is in charge of overseeing the bankruptcy processes for 3AC.
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