Through Twitter, the liquidators of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) delivered subpoenas to the fund’s founders.
On Twitter, the founders of a defunct cryptocurrency hedge fund were contacted. Due to Challenges in Reaching Them
The founders of Three Arrows Capital (3AC), Su Zhu and Kyle Davies, are rumored to have been difficult to reach regarding the bankruptcy liquidation process.
Although a judge has authorized liquidators to contact the founders electronically via email and Twitter, creditors and liquidators participating in the 3AC bankruptcy procedure have claimed that getting in touch with them has been challenging.
Su Zhu (left) and Kyle Davies, co-founders of Three Arrows Capital (3AC) (pictured right).
The two have reportedly been unwilling to deal with the bankruptcy procedures, according to the liquidators, who have been given permission by both the Singapore court and the U.S. court to serve the 3AC co-founders via Twitter.
On January 5, 2023, the “3ACLiquidation” Twitter account served subpoenas to the 3AC founders.
There are other people and organizations besides Davies and Zhu who have received subpoenas via Twitter.
In 2016, a federal judge authorized the practice, and a Kuwaiti man received his subpoena over Twitter.