{"id":16155,"date":"2023-01-05T22:43:51","date_gmt":"2023-01-05T22:43:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/three-arrows-capital-founders-served-subpoenas-via-twitter-in-bankruptcy-process-bitcoin-news\/"},"modified":"2023-01-05T22:43:51","modified_gmt":"2023-01-05T22:43:51","slug":"three-arrows-capital-founders-served-subpoenas-via-twitter-in-bankruptcy-process-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/three-arrows-capital-founders-served-subpoenas-via-twitter-in-bankruptcy-process-bitcoin-news\/","title":{"rendered":"Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund\u2019s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the past, including when Wikileaks was served on Twitter in 2018.<\/strong><\/p>\n

Founders of Defunct Crypto Hedge Fund Contacted Electronically on Twitter Due to Difficulties Reaching Them<\/h2>\n

Su Zhu and Kyle Davies, the founders of Three Arrows Capital (3AC), have allegedly been hard to contact in regard to the bankruptcy liquidation process. The now-bankrupt cryptocurrency hedge fund filed<\/a> for Chapter 15 bankruptcy protection in the first week of July 2022. However, creditors and liquidators involved in the 3AC bankruptcy process have stated that contacting the founders has been difficult, and a judge has allowed liquidators to contact them electronically via email and Twitter.<\/p>\n

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The Three Arrows Capital (3AC) co-founders Su Zhu (pictured left) and Kyle Davies (pictured right). Liquidators claim the duo has been reluctant to deal with the bankruptcy proceedings and both the U.S. court and Singapore court have allowed the liquidators to serve the 3AC co-founders using Twitter.<\/figcaption><\/figure>\n

Davies and Zhu have been using Twitter more frequently in recent times, particularly after the collapse of FTX. They have been vocal critics<\/a> of Genesis and Digital Currency Group (DCG) amid controversy surrounding Genesis\u2019s liquidity problems<\/a> with Gemini. Davies has also been discussing<\/a> the UST depegging and LUNA incident. The Twitter account \u201c3ACLiquidation\u201d served<\/a> subpoenas to the 3AC founders<\/a> via Twitter on Jan. 5, 2023.<\/p>\n

The 3ACLiquidation Twitter account wrote, \u201cKyle Davies, 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.\u201d The founders were mocked on Twitter after people saw the Twitter-issued subpoena. Nic Carter tweeted<\/a> in response, \u201cShouldn\u2019t have tweeted so much eh Kyle?\u201d Davies\u2019 last tweet<\/a> was on January 4, 2023, while Zhu\u2019s last tweet was recorded<\/a> on the same day as he casually commented on the new artificial intelligence (AI) software Chatgpt.<\/p>\n

Davies and Zhu are not the only individuals or organizations that have been served with subpoenas via Twitter. In August 2018, Wikileaks was served<\/a> by Cohen Milstein, a litigation firm representing the Democratic National Committee (DNC), on Twitter over allegations of collusion with Russia. In 2016, a Kuwaiti man was served his subpoena<\/a> via Twitter after a federal court allowed the procedure.<\/p>\n

Four weeks ago, Davies claimed<\/a> liquidators refused \u201cto engage\u201d with the duo \u201cconstructively.\u201d 3AC liquidators have gathered tens of millions of dollars in fiat, NFTs, and digital tokens and during the first week of Dec. 2022, the bankruptcy liquidators filed a motion to confiscated a $30 million super yacht reportedly owned by the 3AC founders.<\/p>\n

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\nTags in this story
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3ACLiquidation<\/a>, artificial intelligence software<\/a>, Bankruptcy<\/a>, bankruptcy process<\/a>, Chapter 15<\/a>, controversy<\/a>, creditors<\/a>, Cryptocurrency<\/a>, Digital Currency Group<\/a>, Email<\/a>, federal court<\/a>, Founders<\/a>, ftx<\/a>, Gemini<\/a>, genesis<\/a>, hedge fund<\/a>, jpg copies<\/a>, Kyle Davies<\/a>, liquidation process<\/a>, liquidators<\/a>, liquidity problems<\/a>, litigation firm<\/a>, LUNA incident<\/a>, nic carter<\/a>, Su Zhu<\/a>, subpoena procedure<\/a>, Subpoenas<\/a>, Three Arrows Capital<\/a>, Twitter<\/a>, Twitter-issued subpoena<\/a>, unredacted copy<\/a>, UST depegging<\/a>, Wikileaks<\/a><\/div>\n<\/div>\n

What do you think about the 3AC liquidators serving Davies and Zhu on Twitter? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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