{"id":11363,"date":"2023-08-13T00:26:04","date_gmt":"2023-08-13T00:26:04","guid":{"rendered":"https:\/\/isafespend.com\/investing\/3ac-co-founder-avoids-contempt-charges-following-evidence-of-singaporean-citizenship\/"},"modified":"2023-08-13T00:26:04","modified_gmt":"2023-08-13T00:26:04","slug":"3ac-co-founder-avoids-contempt-charges-following-evidence-of-singaporean-citizenship","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=11363","title":{"rendered":"3AC co-founder avoids contempt charges following evidence of Singaporean citizenship"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\"><\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>A judge in the bankruptcy case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a motion that would have held co-founder Kyle Davies in contempt of court and imposed sanctions.<\/p>\n<p>In an Aug. 11 filing with the United States Bankruptcy Court for the Southern District of New York, Judge Martin Glenn said rulings on motions regarding a subpoena issued to Davies via X \u2014 formerly Twitter \u2014 were considered without the knowledge the 3AC co-founder was a non-U.S. citizen residing outside the country. He cited federal laws for compelling compliance outside the U.S., adding that his approval of motions starting in December 2022 \u201cpresumed based on the record at that time that Mr. Davies was a United States citizen.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<p>Continue Reading on Coin Telegraph<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/cryptocurrency-news\/3ac-cofounder-avoids-contempt-charges-following-evidence-of-singaporean-citizenship-3152972\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A judge in the bankruptcy case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a motion that would have held co-founder Kyle Davies in contempt of court and imposed sanctions. In an Aug. 11 filing with the United States Bankruptcy Court for the Southern District of New York, Judge Martin Glenn said<\/p>\n","protected":false},"author":1,"featured_media":11364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-11363","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3AC co-founder avoids contempt charges following evidence of Singaporean citizenship | iSafeSpend<\/title>\n<meta name=\"description\" content=\"A judge in the bankruptcy case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a motion that would have held co-founder Kyle Davies in\" \/>\n<meta name=\"robots\" content=\"index, follow, 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