3AC Founders Su Zhu and Kyle Davies Subpoenaed on Twitter

After trying severally to reach Three Arrows Capital (3AC) founders Kyle Davies and Zhu Su, liquidators have now subpoenaed both of them on Twitter. 

This is not a common occurrence but the liquidators were left with no other options seeing that the co-founders were not forthcoming with the requested details. Both Su and Davies have been on the run since the hedge fund filed for Chapter 15 bankruptcy in the Southern District of New York and the British Virgin Islands in July 2022.

Markedly, the subpoenas were approved by the presiding bankruptcy judge in the first week of December. Su and Davies were expected to submit information “including books, documents, records, and papers, relating to the Debtor’s property or financial affairs.” At that time, all concerned parties were given two weeks ultimatum to turn in the information. 

Su And Davies Remained Twitter-Active

The co-founders and their allies were asked to submit private keys, seed phrases, and all other ways of accessing or controlling fiat and digital assets in 3AC.

They showed no interest in the bankruptcy proceedings of the crypto hedge fund. Davies and Su claimed to be in the United Arab Emirates (UAE) but shielded themselves entirely from the eyes of the public. Instead, they increased their Twitter activity thereby, influencing the liquidators’ choice of platform.

“We remain focused on diligently advancing the liquidation process for Three Arrows Capital Limited in order to maximize asset recoveries on behalf of creditors,” the liquidators stated, adding that “The founders have unfortunately resisted cooperating in these efforts, and as such, we have received authority from courts in both the US and Singapore to serve them targeted and comprehensive discovery demands through email and their frequently-used Twitter accounts.”

Part of the document that has been demanded from 3AC co-founders is the one that contains information about Starry Night Capital and curator Vincent Van Dough. 

In recent times, a large percentage of Su’s tweets have been centered around the troubles of Genesis and its parent company Digital Currency Group (DCG) as it concerns Gemini Exchange. On the other hand, Davies has been tweeting about the UST de-pegging and LUNA incident.