3AC’s Kyle Davies given 7 days to comply with subpoena or be held in contempt

A U.S. judge has ordered Kyle Davies, the co-founder of collapsed digital asset hedge fund Three Arrows Capital (3AC) to comply with a subpoena issued in January or risk being held in contempt of the court.

Davies was served with a subpoena in January after the New York Bankruptcy Court granted a request to serve him on Twitter. 3AC liquidators had tried for months to reach him and in failing to do so, requested to turn to the unorthodox method. A Singapore court granted a parallel request to serve his fellow co-founder, Su Zhu, through the social media platform.

The subpoena ordered Davies to provide the liquidators with private keys, seed phrases and other related documents relevant to the 3AC liquidation process. He was given two weeks to comply but two months later, he has yet to.