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.

Token of choice for Zhu and Davies’ new exchange up 3,000%

CoinFLEX token FLEX has jumped to $1.50 on the back of news that it will be used by new crypto bankruptcy claim exchange, OPNX.

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 yacht, once known as ‘MUCH WOW,’ was originally ordered by 3AC founders Su Zhu and Kyle Davies but they couldn’t afford the payments.