The founders of the bankrupt crypto hedge fund Three Arrows Capital, Zhu Su and Kyle Davies, were sent a subpoena by the liquidators via the social media platform twitter.
About Subpoenaed
According to the subpoena issued by the liquidators via Twitter, Zhu Su and Kyle Davies were ordered to provide all documents related to the hedge funds. A copy of the subpoena was published on the joint twitter account where the liquidators appointed by the court order were gathered. According to the subpoena, both founders have been subpoenaed by the Singapore high court. Additionally, Kyle Devias was summoned by the US Bankruptcy court because he is a US citizen.
The subpoena requests the following from Zhu Su and Kyle Davies:
“Furnish 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.”
Documents
If the requested documents are no longer in the possession of Zhu Su and Kyle Davies, according to the subpoena, the founders must inform the court of the date, nature of the document and why it does not exist. The liquidators have said that they will deliver the necessary documents to the founders of Three Arrows Capital via e-mail.
Founders are Missing
Three Arrows Capital recently had a $10 million crypto hedge fund in its possession. Three Arrows Capital, which suffered huge losses after the Terra Luna collapse, had filed for bankruptcy in July. The whereabouts of the founders of Three Arrows Capital are still unknown after the events. However, the liquidators had claimed that the founders were in countries such as Indonesia and the United Arab Emirates, where foreign court decisions are difficult to enforce. The fact that the location of Zhu Su and Kyle Davies is unknown and the founders cannot be contacted makes the court process quite difficult.
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