Three Arrows Capital founders Su Zhu and Kyle Davies summoned to court

A federal bankruptcy judge approved subpoenas for the founders of Three Arrows Capital (3AC), Su Zhu and Kyle Davies. Creditors intend to locate additional assets of the crypto hedge fund, writes The Block.

The structure’s CEO, Marc James Dubois, and Kelly Kai Chen, Davies’s wife and co-owner of entities linked to 3AC, have also received similar requests.

The document requires the addressees within two weeks to provide all financial information about the companies, including ledgers, documents, records and papers relating to the debtor’s property or relationships with counterparties.

Zhu, Davies and other named individuals must provide private keys, seed phrases, and any other means of access to fiat and digital assets or control over them.

Earlier, the High Court of Singapore ordered the fund’s co-founders to provide written statements detailing their relationship with the company.

In December, the 3AC liquidators recovered $35.6 million belonging to the crypto hedge fund in Singapore banks, and also filed a petition to sell a $30 million superyacht.

Earlier, in June, the High Court of the British Virgin Islands ordered the liquidation of the hedge fund. Partners from the consulting firm Teneo Restructuring were involved in the case.

In July, 3AC filed for bankruptcy in a New York court. According to Nansen, the entity managed assets totaling around $10 billion.

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