NEW YORK – Three Arrows Capital (3AC) co-founders Zhu Su and Kyle Davies have received formal demands for information related to the downfall of their crypto hedge fund in an unorthodox forum: Twitter.

Advisers working to liquidate the fund tagged Mr Zhu and Mr Davies in tweets demanding the production of sensitive documents on Thursday. The move is necessary because the pair’s whereabouts are unknown and they are not fully cooperating with 3AC’s unwinding, the advisers have said.

One tweet thread included a subpoena for Mr Davies earlier approved by a United States bankruptcy judge. The same judge said Mr Zhu cannot be subpoenaed due to questions over his residency and citizenship, but the liquidators tagged him in a tweet containing a Singapore court order calling for the production of information.

“We remain focused on diligently advancing the liquidation process for Three Arrows Capital,” a representative for Teneo, the consultancy helping to wind down 3AC, said in an e-mailed statement. “The founders have, unfortunately, resisted cooperating in these efforts... we have received authority from courts in both the US and Singapore to serve them targeted and comprehensive discovery demands through e-mail and their frequently used Twitter accounts.”

The blow-up of 3AC shook the digital asset industry in 2022 and put the interconnected nature of the sector on display. Its creditors include Digital Currency Group, the parent company of crypto brokerage Genesis, which filed a US$1.2 billion (S$1.6 billion) claim against the hedge fund. Genesis suspended redemptions and new loan originations at its lending business in November and has since then been unable to find a solution.

Mr Zhu and Mr Davies have been active recently on social media platforms such as Twitter, often with critical comments of Digital Currency Group and the firm’s relationship with the now-bankrupt FTX exchange. BLOOMBERG