3AC Liquidators Subpoena Co-Founder, Seeking Documents and Financial Info

• 3AC Liquidators have issued a subpoena to 3AC Co-Founder Kyle Davis.
• The subpoena requires Davis to provide all documents related to 3AC’s accounts, wallet addresses, and private keys.
• Davis is expected to respond to the subpoena before Jan. 26, 2023.

The Three Arrows Capital (3AC) liquidators have issued a subpoena to 3AC Co-Founder Kyle Davis, ordering him to provide all documents and financial information related to his collapsed hedge fund before Jan. 26. The subpoena was approved by the U.S. bankruptcy court on Dec. 7, 2022, and served via email and publicly on Twitter.

The documents requested cover a wide range of topics, including 3AC’s centralized and decentralized accounts, digital and fiat holdings, securities, wallet addresses, private keys, and other tangible and intangible assets. The liquidators have instructed Davis to provide the documents in their original form, and to not redact any details. In addition, the documents should cover the company’s dealings since its inception on Jan. 1, 2012, to date.

The Supreme Court of Singapore also issued a similar subpoena on Dec. 10, 2022, ordering 3AC’s former CEO, CFO, and other senior executives to provide documents related to 3AC’s activities since its launch.

The 3AC liquidators have stated that they “will carefully review all documents and financial information provided by Mr. Davis and other 3AC management, as well as any third parties involved, to help determine the cause of the company’s collapse and the appropriate actions to be taken.”

The liquidators are also looking into possible cases of fraud or misappropriation of funds by 3AC executives. They have stated that they “will take all appropriate steps to ensure that any individuals or entities that played a part in the collapse of 3AC are held accountable.”

The liquidators have warned that failure to comply with the subpoena could result in further legal action against Davis, including contempt of court proceedings. He is expected to respond to the subpoena on or before Jan. 26, 2023.