Bitcoin24h $64,576.35-0.10%

Ethereum24h $1,907.24-0.31%

BNB24h $591.28-0.31%

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TRON24h $0.3273+0.15%

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UNUS SED LEO24h $9.75-0.13%

Zcash24h $510.15+2.75%

3AC founders could be in contempt if they ignore new court order

The court order order stipulates that Davies and Zhu must hand over all documentation relevant to 3AC’s bankruptcy by April 14.

Kyle Davies has time to launch crypto exchange but not to answer courts

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.