3AC Liquidators issue subpeona to 3AC co-founder Kyle Davis

Three Arrows Capital (3AC) Liquidators have ordered 3AC co-founder Kyle Davis to disclose all documents and financial information related to his collapsed hedge fund before Jan. 26.

Earlier on Dec. 7, 2022, 3AC Liquidators received approval from the U.S. bankruptcy court to issue a subpoena to 3AC and its founders.

In a Dec. 5, 2022, update, 3AC Liquidators disclosed that it has served the subpoena to Kyle Davis via email and publicly on Twitter.

As per the filing, the 3AC founder is required to provide all documents and financial information directly in his possession or indirectly by affiliated third parties.

The document is expected to detail information related to 3AC’s centralized and decentralized accounts, digital and fiat holdings, securities, wallet addresses, private keys, and other tangible and intangible assets.

The documents are to be produced in their original form without redacting any details. If any information is unavailable or discarded, all persons who had access to the document will be subject to investigation.

In addition, the requested information should cover the company’s dealings since its inception on Jan. 1, 2012, to date.

Davis is expected to respond to the subpoena on or before Jan. 26, 2023.

Singapore Court serves subpoena

In a similar update, the Supreme Court of Singapore has ordered 3AC, Kyle Davis and Shu Zhu to provide detailed financial records of the bankrupt hedge fund.

As per the court order, the 3AC and its co-founders have one week to submit an affidavit detailing the financial dealings of the bankrupt hedge fund from its inception to collapse.

Source link

Leave a Reply

GIPHY App Key not set. Please check settings

What do you think?

Quantum computers may soon breach blockchain cryptography: Report

US authorities to intensify scrutiny of crypto industry in 2023