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Three Arrows’ Founder Refused to Comply With Subpoena, Stonewalling Probe, Court Told
Kyle Davies refused to comply with a court subpoena for the books and records of his former crypto hedge fund Three Arrows Capital (3AC), a New York court was told in a Tuesday night filing. Davies was accused of stonewalling a probe into the company, which managed as much as $3 billion in assets before collapsing last year, while “shamelessly” promoting new crypto ventures. Davies and co-founder Su Zhu “have refused to meaningfully engage,” said a filing on behalf of Russell Crumpler and Christopher Farmer, who now represent the bankrupt company. Davies and Zhu “have made only selective and piecemeal ... (full story)