One Tweet thread included a subpoena for Davies earlier approved by a US bankruptcy judge. The same judge said Zhu can’t be subpoenaed due to questions over his residency and citizenship, but the liquidators tagged him in a Tweet containing a Singapore court order calling for the production of information.
“We remain focused on diligently advancing the liquidation process for Three Arrows Capital,” a representative for Teneo, the consultancy helping wind down 3AC, said in an emailed statement. “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.”
Zhu and Davies didn’t respond immediately to requests for comment.
@KyleLDavies jpg copies of the subpoena are attached to this tweet by way of service. An unredacted copy of the subpoena was served via email and can be provided upon request. pic.twitter.com/XAYzQ4Oveo
See also: Alexander Hamilton’s three lessons for stablecoins
The blowup of Three Arrows shook the digital-asset industry last year and put the interconnected nature of the sector on display. Its creditors include Digital Currency Group, the parent company of crypto brokerage Genesis, which filed a US$1.2 billion ($1.61 billion) claim against the hedge fund. Genesis suspended redemptions and new loan originations at its lending business in November and has since then unable to find a solution.
Zhu and Davies have been active recently on social media platforms such as Twitter, often with critical comments of Digital Currency Group and the firm’s relationship with the now-bankrupt FTX exchange.
