Liquidators of Three Arrows Capital have obtained the power to subpoena the founders of the fallen crypto hedge fund, whose whereabouts remain unknown.
A federal judge in a New York bankruptcy court granted an emergency motion to freeze the remaining assets of Three Arrows, according to a «CNBC» report citing the hearing, and gave assigned liquidators the authority to «transfer, encumber or otherwise dispose of any assets of the debtor located within the territorial jurisdiction of the United States».
The ruling of Judge Martin Glenn also granted global advisory firm Teneo the permission to subpoena co-founders Zhu Su and Kyle Davies, as well as banks, crypto exchanges and other firms that have done business with the fallen hedge fund.
While the whereabouts of Zhu and Davies remains unknown, the former recently made a social media post to provide an update on the situation. He said the two co-founders would continue providing information about Three Arrows’ assets on a «rolling basis», adding that there was pressure from both inquiries from the Monetary Authority of Singapore as well as the threat of violence.
