Kyle Davies, the founder of Three Arrows Capital, has been ordered to pay a fine for failing to respond to a subpoena on time, as he has been found in contempt of court

ChainCatcher news, according to a report by CoinDesk citing court documents submitted by the bankrupt hedge fund's estate management agency, Three Arrows Capital (3AC) founder Kyle Davies should be held in contempt of court for failing to respond to a subpoena regarding information about 3AC's collapse. The document urges the New York court to impose a daily fine of $10,000 for willfully ignoring previous requests, citing Davies' lavish lifestyle and the substantial profits from running the company. (source link)