Kyle Davis, founder of the failed login password financial derivatives Three Arrow Capital, has been ordered to respond to a subpoena issued to him in January or risk contempt.

The court subpoena on January 5th was issued to Davis under Twitter after approval by a bankruptcy court in New York City, indicating that he had been given seed statements and public keys by the liquidator of the introverted 3AC within 14 days, as well as corporate communications and other corporate-related documents.

After failing to consult Davis, US bankruptcy judge George Glenn approved the motion for enforcement on March 22nd, stressing that Davis was able to appear in court and challenge the arguments put forward by the 3AC liquidator, "or he could not appear in court as he has done so far, and frankly, he can seize the opportunity."

A compulsory motion is a kind of law and regulation, in which the people's court will drive the party who clearly put forward the motion to give direct evidence.

People found in criminal proceedings in contempt of court can often be punished, but they may also be imprisoned. The purpose of civil contempt of court is to compel compliance, so the level of severity of punishment can be increased until the order is carried out.

Kyle Davis and 3AC founder Su Zhu are missing at this stage.

Davis last tweeted on March 23 and seemed to show a picture of him in Bali, Indonesia. But a tweet earlier on the same day showed that he and Suzhu and another man were standing in Azerbaijan.

On the same day, however, Suzhu was still backstage managing to share a tweet with an identifiable landmark building, suggesting that he may have been or recently been in the United Arab Emirates.

According to the 3AC liquidator, Davis "chose to ignore his responsibilities to Three Arrow."

In addition, two people from 3AC have teamed up with CoinFLEX to launch OPNX, a sales market dedicated to enabling debt in password-logged corporate bankruptcy liquidation procedures to be traded.

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