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A judge in the bankruptcy case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a motion that would have held co-founder Kyle Davies in contempt of court and imposed sanctions.In an Aug. 11 filing with the United States Bankruptcy Court for the Southern District of New York,
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Three Arrows Capital (3AC) co-founder Kyle Davies should be held in contempt of court for ignoring a subpoena connected to bankruptcy proceedings, June 14 court filings from 3AC’s liquidators show. According to the creditor's legal team, Davies is purposely delaying asset recovery from the former crypto hedge fund.The civil sanctions
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Ignoring a subpoena warrants a fine of $10,000 per day, the estate of his hedge fund argues Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A US judge has ruled that Craig Wright, who claims he is the founder of Bitcoin, has shown evidence of contemptuous conduct in court proceedings related to a $143m dispute over bitcoin (BTC) ownership. Wright, who
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In a later affidavit filed in March, Wright said that key evidence concerning the alleged breach had been submitted by his lawyers at Ontier without his permission, and constituted legally privileged material. Faced with a 17,000-word skeleton argument advanced by Wright’s new attorneys, buttressed by 1,600 pages of legal authorities,
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Procedurally, legal sources say a contempt of court challenge is technically best filed by the original petitioner in the Supreme Court, which in this case would be the IAMAI. If it is not the original petitioner, then an individual entity seeking to file a contempt of court is required to
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