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3AC co-founder avoids contempt charges following evidence of Singaporean citizenship

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 — formerly Twitter — 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 “presumed based on the record at that time that Mr. Davies was a United States citizen.”

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Source: Cryptocurrency - investing.com

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