Kyle Davies was sent a subpoena via Twitter in January but instead of replying has spent his time promoting a new crypto exchange called GTX.
The subpoenas will demand that named staff give up anything from company documents and papers to financial records and account details.
The Grayscale Bitcoin Trust (GBTC) provides a way for investors to gain exposure to bitcoin, without having to own bitcoin.
The yacht, once known as ‘MUCH WOW,’ was originally ordered by 3AC founders Su Zhu and Kyle Davies but they couldn’t afford the payments.
The SEC and CFTC are also investigating if 3AC lied about the security of investors’ balance sheets and its registration with regulators.