Su Zhu and Kylie Davies of Three Arrows Capital (3AC) are subpoenaed in the US over the bankruptcy process.
Three Arrows Capital, which operated in Singapore until the beginning of May, was among the firms that collapsed with the explosion of the Terra stablecoin project during the same period. 3AC later had to star in multiple lawsuits.
Three Arrows was ordered to be liquidated by the British Virgin Islands court in June. With this decision, the consultancy firm Teneo was appointed as the liquidation manager to 3AC. Although some of the assets are saved, the founders are not spared trouble.
Information Requested from Founders of Three Arrows Capital
The New York court is seeking information on the collapsed Three Arrows Capital and its investment managers.
A New York judge has agreed to subpoena the founders of Three Arrows Capital as liquidators try to liquidate the collapsed crypto fund.
Bankruptcy judge Martin Glenn stated in a court document released Tuesday: “Foreign Representatives and their representatives have the authority to subpoena the Founders, Investment Managers and anyone else who may have knowledge of Three Arrows’ business for the production of documents and testimonies.”
The document, from the Southern District of New York, names founders Su Zhu and Kyle Davies, as well as many other people and companies involved, including 3AC’s NFT arm, Starry Night Capital.
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