3AC founder subpoenaed over social media activity after bankruptcy

The co-founder of Three Arrows Capital (3AC), Kyle Davies, has been subpoenaed to produce documents related to the company’s assets following its bankruptcy.

The subpoena was issued by the United States Bankruptcy Court in the Southern District of New York and requires Davies to hand over all physical and digital company documents, as well as the contact details of 3AC co-founder Zhu and several other entities, by January 26, 2023.

The subpoena also demands details of 3AC’s bank accounts and Ethereum addresses.

The ruling followed recent tweets by Davies, who, along with Zhu, has been active on social media in the lead-up to the subpoena and has been criticised for not taking responsibility for 3AC’s missteps.

3AC filed for Chapter 15 bankruptcy in July 2022, when leveraged bets on rising crypto prices turned sour after the collapse of Terra Luna.