Liquidator of Three Arrows Capital (3AC) has filed a subpoena against 3AC co-founder Kyle Davis to disclose all documents and financial information related to failed hedge fund by January 26 I asked for
On December 7, 2022, 3AC Liquidators received authorization from the U.S. Bankruptcy Court to issue a subpoena against 3AC and its founders.
according to filing, 3AC Founders must provide all documents and financial information in their possession either directly or indirectly by a relevant third party.
of Document Detailed information regarding 3AC’s centralized and decentralized accounts, digital and fiat currency holdings, securities, wallet addresses, private keys, and other tangible and intangible assets is expected.
The document is created in its original form without editing details. If the information is unavailable or destroyed, anyone who has access to the document will be subject to investigation.
In addition, the information requested must cover the company’s transactions from its inception on January 1, 2012 to the present.
Davis plans to respond to the subpoena by January 26, 2023.
Singapore Court Serves Subpoena
In a similar update, the Singapore Supreme Court said ordered 3AC, Kyle Davis and Shu Zhu provide detailed financial records of bankrupt hedge funds.
A court order requires 3AC and its co-founders to file an affidavit within one week detailing the financial transactions of the bankrupt hedge fund from its inception to its collapse.