3AC Founders Kyle Davies and Su Zhu Tagged in Tweet Delivering Court Subpoena

There’s been an interesting contrast between how chatty Three Arrows Capital co-founders Kyle Davies and Su Zhu’s have been on Twitter and how difficult they’ve otherwise been to reach, according to company liquidators.

So it’s not surprising that after Asking permission from the judge overseeing the company’s bankruptcy proceedings, Teneo Restructuring tagged @zhusu @kyleldavies In a tweet, with a copy a subpoena on Twitter.

The 3AC-based, crypto hedge fund based in Singapore was also founded. Ordained to liquidate In June, after weeks of speculation that the company was suffering severe losses due to the Collapse of TerraUSD algorithmic stabilitycoin Mai 

In an interview with The Independent, Davies confirmed that 3AC had suffered a loss of approximately $200 million in its TerraUSD position. The Wall Street Journal. Pressure mounted as 3AC’s creditors Margin called 3ACThey also asked them to give more collateral to help secure the borrowed funds. Voyager Digital, which is currently in the midst of undergoing a major overhaul, was the final blow. Bankruptcy proceedings) issued a Notice of default For more than $600 millions 

Davies and Zhu were quiet for a while on social media.

In July, reports surfaced that the company’s Singapore office was abandoned The founders were also missing. Zhu also sent the first of his many letters. last tweet until November. He criticized Teneo for missing a deadline to claim StarkWare tokens, causing the firm to “lose substantial value.”

Meanwhile, Davies retweeted Zhu’s message and went dark on social media too.

However, both 3AC founders resurfaced in November after crypto exchange FTX declared bankruptcy. One of the main reasons they broke their silence, according to Zhu, was to allege that FTX founder Sam Bankman-Fried’s firm had been actively hunting 3AC’s positions.
“I have firmly said we were hunted since my July Bloomberg interview. Go back and read it,” Zhu wrote. “Simply the truth, but one so inconvenient that at the time my own advisors didn’t want me to say it [because] it could be ‘bad optics’ and seen as ‘deflecting.’”

Teneo also pursued information at the High Court of the Republic of Singapore. There, a judge ordered 3AC as well as its co-founders submit affidavits. December. The liquidators arrived the next day. seized $35 million worth of funds tied to the firm and were seeking permission to sell the company’s “Much Wow” superyacht.

It’s not unprecedented for a subpoena to be served over Twitter. 

The company even has a page with frequently asked questions dedicated to it. But the example they cite there has more to do with Twitter receiving a subpoena and having to turn over information about a user’s account, not one user tagging another in a tweet that includes an image of a subpoena. Nonetheless, Twitter writes, the whole experience “can be an unsettling experience.”

Twitter didn’t immediately respond to a request from Decrypt.