Three Arrows Capital liquidators subpoena founders Zhu Su and Kyle Davies, who have resisted cooperation, via Twitter, seeking documents on the fund's collapse
3AC founders Zhu Su and Kyle Davies have been ordered to provide all documents in their possession or control …
CointelegraphAna Paula Pereira
Context & Ripple Effects
The document request follows the liquidators' earlier effort to locate Zhu Su and Kyle Davies, when they said the founders could not be found and sought subpoenas to protect 3AC assets. The founders' earlier absence made conventional service a practical obstacle; using Twitter shifts the case toward obtaining the records needed to examine the collapse.
First-order effects
Zhu Su and Kyle Davies are formally required to produce documents in their possession or control, while 3AC's liquidators gain a court-backed channel to press for compliance.
Service through Twitter lets the liquidators pursue the founders without first resolving their physical whereabouts.
Second-order effects
The liquidators can move their investigation from locating the founders to testing whether they comply with document-production demands, making the founders' response central to the next phase of the case.
For 3AC stakeholders, access to founder-controlled records becomes a prerequisite for a fuller accounting of the fund's assets and collapse.
Third-order effects
If courts continue to permit social-platform service where defendants cannot be reached conventionally, cross-border insolvency cases may become less dependent on locating individuals before document enforcement can begin.
The trend: The case is part of a shift toward using digital platforms as procedural infrastructure when traditional legal-service routes fail in cross-border disputes.
@KyleLDavies jpg copies of the subpoena are attached to this tweet by way of service. An unredacted copy of the subpoena was served via email and can be provided upon request. https://twitter.com/...
the irony of the 3ac boys trying to tweet their way back into respectability and having the court OK service via twitter as a result is really quite exquisite https://twitter.com/...
I actually love that this guy was served a subpoena over Twitter. If you can come on here and continue to spout your self righteous BS, you can also get served for the same. No hiding. https://twitter.com/...
Three Arrow Capital founders @zhusu + @KyleLDavies just got served on Twitter... via jpegs. The pair are now legally required to hand over documentation, wallets and any more info relating to the 3AC $3.5 billion collapse. https://twitter.com/...