A federal judge overseeing Three Arrows Capital’s (3AC) bankruptcy proceedings has signed an order to deliver subpoenas to 3AC’s former leadership, including co-founders Su Zhu and Kyle Davies.

The subpoenas require the founders to give up any “recorded information, including books, documents, records, and papers” in their custody related to the firm’s property or financial affairs.

The infamous hedge fund, worth $10 billion at its peak, filed for Chapter 15 bankruptcy on July 1, with its troubles tied up in too much leverage and the collapse of Terra Luna (LUNA), known now as Terra Classic (LUNC), and its algorithmic stablecoin formerly known as TerraUSD (UST).

Since then, the liquidators — advisory firm Teneo — have been trying to hunt down the firm’s assets and pin down 3AC's co-founders.

The latest order allowing for the subpoenas will require recipients to give up all account information, seed phrases and private keys for its digital and fiat assets; details about the securities and unregistered shares; and any accounts held on centralized or decentralized exchanges, along with any other tangible or intangible assets.

The order also labels hedge fund attorney Hannah Terhune, directors Mark Dubois and Cheuk Yao Pau, and Kelly Chen — wife of co-founder Davies — as “discovery targets,” alongside trading desk company Tai Ping Shan Limited, venture capital firm DeFiance Capital, 3AC-backed nonfungible token fund Starry Night Capital and all of their associates.

Related: Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy

Any individuals served with the subpoena must comply within 14 days unless otherwise agreed with the parties.

At the time of writing, there has yet to be reliable information on the whereabouts of Zhu or Davies. It's rumored that Zhu resides in Dubai while Davies resides on the Indonesian island of Bali. Both have been active on social media, commenting on developments relating to the collapse of FTX and Alameda research.

Claim: Terraform dumped $450M UST before crash

Meanwhile, self-proclaimed Terra whistleblower FatMan has made new claims on Twitter that it was the actions of Terraform Labs (TFL) itself that led to the depegging of TerraUSD, now TerraClassicUSD (USTC), in May — as opposed to a concerted attack.

Only some people are convinced by the theory or that the information is new.

In a Dec. 6 Twitter thread, FatMan cited “bombshell data” from anonymous researcher Cycle_22 that purportedly discovered two trading wallets verified to be owned by Terraform Labs had “dumped” $450 million worth of UST on the open market in the three weeks leading up to the depeg, explaining:

“TFL has been perpetrating the narrative that UST was ‘attacked.’ This is a false flag.”

“In reality, TFL themselves weakened the Curve pool by irresponsibly dumping a massive amount of UST in a short timeframe. This reduced liquidity and severely weakened the peg," FatMan said.

However, some Twitter users responding to the thread have stated it was public knowledge that TFL was withdrawing UST from a Curve liquidity pool (3Pool) in preparation to seed its new stablecoin liquidity pool (4Pool). It was working with Frax Finance at the time.

Twitter user RyanLion said it had been “clearly communicated” that the UST swaps into the curve pool were part of moves of swapping UST into other stables to purchase Bitcoin (BTC) for the Luna Foundation Guard reserves.

A June blog from blockchain firm Chainalysis said that while Terraform Labs withdrew approximately 150 million UST from 3Pool at the time, it was the actions of two traders in the hour following — swapping a total of 185 million UST for USD CoiUSDC and TFL’s response to that — that led to the depeg and resulting panic sell-off.