Liquidators of now-defunct crypto hedge fund Three Arrows Capital served its founders with a subpoena through Twitter.
In a series of tweets on Thursday, 3AC’s court appointed liquidators shared copies of court orders from the Supreme Court of Singapore, tagging founder Kyle Davies and Su Zhu whose whereabouts remain unknown.
@zhusu and @KyleLDavies jpg copies of orders made by the Supreme Court of Singapore against Mr Zhu, Mr Davies and Three Arrows Capital Pte. Ltd. are attached to this tweet by way of service. An unredacted copy of the order was served via email and can be provided upon request. pic.twitter.com/NVFd3pUhi3
— 3ACLiquidation (@3ACLiq) January 5, 2023
The liquidators also shared a redacted copy of a subpoena to Davies from a U.S. bankruptcy court via Twitter, saying an unredacted version would be served through email.
@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
— 3ACLiquidation (@3ACLiq) January 5, 2023
According to Twitter’s terms, accounts named in legal requests like subpoenas and court orders may require Twitter to hand over information about the account in question.
Both Davies and Zhu remain at large and have been unresponsive when liquidators attempted to establish contact, leading them to seek out alternative measures to deliver subpoenas.
Last month, Decrypt reported that a judge presiding over the firm’s bankruptcy proceedings granted liquidators permission to subpoena Davies and Zhu and request any recorded information, including books, documents and papers related to 3AC’s property or financial affairs.
After a few months of radio silence following 3AC’s declaration of bankruptcy, Zhu and Davies resurfaced on social media to share their thoughts on FTX’s implosion. The two fired off a string of accusations against the now-defunct crypto exchange and its sister company Alameda Research, claiming that these firms “hunted their positions” and were ultimately responsible for 3AC’s downfall.
In a tweet earlier this week, Zhu accused Digital Currency Group of conspiring with FTX to attack LUNA. A big part of 3AC’s losses stemmed from LUNA’s demise, with the firm having invested over $200 million in LUNA tokens as part of Luna Foundation Guard’s $1 billion raise last year.
“The Terra-Luna situation caught us very much off guard,” said Davies to The Wall Street Journal in June.
