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Three Arrows Capital (3AC) co-founder Kyle Davies has reportedly been seen in Bali as he continues to evade authorities over the collapse of the defunct hedge fund.Davies, who has been embroiled in bankruptcy proceedings following the collapse of 3AC in 2022, has already been sentenced to four months in jail in
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The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto venture to creditors who lost money in the fund’s 2022 collapse.In a July 3 Twitter Space, 3AC co-founder Kyle Davies said it would be “good karma” to
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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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The court also ruled that the 3AC liquidators' service of a subpoena to Davies via Twitter complied with due process. Source
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According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations
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Following the controversy surrounding Kyle Roche, the attorney and founding partner of the litigation firm Roche Freedman LLP, the two crypto exchange firms Bittrex and Poloniex want the law firm removed from the class-action lawsuit against them. Similar to the attorney representing Tether, the lawyers representing Bittrex and Poloniex argue
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Last Friday, whistleblower site Crypto Leaks published a series of damning videos, accusing the lawyer of weaponizing class-action lawsuits to collect sensitive information on various crypto companies. The site also alleged Roche’s lawsuits purposely attacked competitors of the blockchain project Avalanche, which Roche allegedly received tokens from and has previously
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In the wake of allegations made by Crypto Leaks, high-profile crypto lawyer Kyle Roche has filed to withdraw as counsel on several crypto class-action lawsuits.According to a series of court records released on Aug. 31, Roche is understood to be “no longer involved” in Roche Freedman’s class action practice. The law
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The founding partner of upstart law firm Roche Freedman had been accused of starting frivolous class action lawsuits to harm competitors of blockchain project Avalanche. Source
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