Three Arrows Liquidators Win Power to Subpoena Absent Founders

Three Arrows Capital liquidators won permission to subpoena founders Kyle Davies and Zhu Su -- whose whereabouts remain unknown -- along with banks and digital asset exchanges tied to the cryptocurrency hedge fund.

A federal bankruptcy judge granted the emergency motion in a hearing Tuesday. Liquidators at advisory firm Teneo are seeking to investigate and preserve the assets of the bankrupt hedge fund, and plan to contact as many as 24 entities connected to Three Arrows for more information.

Three Arrows, which Zhu and Davies founded after trading at Credit Suisse Group AG, succumbed to the widespread crypto selloff last ...