You've been served (on Twitter)!
Remember Three Arrows Capital (3AC)?
They were the Singapore-based crypto hedge fund that lost roughly $200 million on their Terra LUNA position (as stated in an interview with The Wall Street Journal) resulting in a margin call.
So, turns out, co-founders Kyle Davies and Su Zhu have been pretty hard to find over the last 6 months.
They mostly laid low - in person, and on Twitter...until the FTX debacle.
After FTX collapsed, Zhu started piping up on Twitter that 3AC had been "hunted" since their interview with Bloomberg in July.
Today, that strategy of laying low in person, but not on Twitter caught up to them, when they were served a subpoena, over Twitter.
This seems pretty damn crazy!
For one, who knew there was a Twitter account called @3ACLiquidation?
Also, surely this is the first time that's happened (?)
Actually, no. Twitter has an entire Q&A section about being served legal notices on the platform (even though much of it is about them receiving subpoenas).
What's next? Being served in the metaverse?
(We know they're already doing it via NFT in the UK).