A federal bankruptcy judge approved subpoenas to Three Arrows Capital's leadership, as creditors search for more of the hedge fund's assets.
A judge approved subpoenas to Three Arrows Capital’s leadership, as creditors search for more assets to liquidate.
A federal bankruptcy judge approved subpoenas for the founders of Three Arrows Capital, a Singapore-based crypto hedge fund that went belly up earlier this year. The subpoenas call on the 3AC founders and leaders Su Zhu and Kyle Davies to produce all financial information on the company"including books, documents, records, and papers, relating to the Debtor’s property or financial affairs."
Zhu, Davies, and other individuals named — including Kelly Kaili Chen, who is married to Davies and co-owns entities related to 3AC, as well as executive Mark James Dubois — have two weeks to produce the requested documents and information. Under the subpoena, Zhu, Davies, and other individuals named must produce private keys, seed phrases, and any other means of accessing or controlling fiat assets and digital assets. The hedge fund is in Chapter 15 bankruptcy proceedings in the Southern District of New York's Bankruptcy Court as well as the British Virgin Islands, where the fund was incorporated in May 2021.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A War of Words and a 'Much Wow' Superyacht: Bankrupt 3AC's Founders Clash with Liquidators | CoinMarketCapLiquidators for the bankrupt crypto hedge fund say Kyle Davies and Zhu Su have repeatedly failed to engage with proceedings — but they insist this is not the case.
Read more »
Kyle Gibson Leaves Phillies, Signs $10M, 1-Year Contract With OriolesRight-hander Kyle Gibson and the Baltimore Orioles finalized a $10 million, one-year contract. The 35-year-old would receive a $150,000 assignment bonus if traded, payable by the receiving team.
Read more »
Texans’ offense struggles again with Kyle Allen under centerKyle Allen attempted to create some breathing room for the Texans' offense on an ill-fated quarterback sneak near their goal line. Instead, his lost fumble further suffocated a gasping offense that's currently on life support. AaronWilson_NFL
Read more »
Jimmy Garoppolo, Kyle Shanahan and the 49ers’ Twisted Fate at QuarterbackThe 49ers wanted to get rid of Jimmy Garoppolo before he stepped in and made the team a Super Bowl favorite. Then he suffered a season-ending injury in the latest twist between a QB and team with an already complicated relationship.
Read more »
Kyle Shanahan says Trey Lance won't return to 49ers this season'If he could, hell yeah. But right now, I’ve been told no on that.'
Read more »
Kyle Allen’s terrible performance dooms Texans in loss to BrownsIt’s unclear what would get Houston’s embarrassing passing game going.
Read more »