The co-founder of a failed cryptocurrency hedge fund appeared to show no remorse in a podcast interview on Tuesday over losing at least $3.5 billion in investor cash.
Three Arrows Capital (3AC) co-founder Kyle Davis is currently on the run after allegedly bankrupting his company and losing all of its investors’ money. according to to the New York Post. However, these allegations did not prevent him from appearing on television shows. unchained podcast We discussed the situation and he almost laughed at the whole thing.
“Are you sorry that your company went bankrupt?” No, companies go bankrupt, almost all companies go bankrupt, right? ” he said clearly. “It’s how we build it or what we do with it. We’re definitely doing our best. We can add value in a lot of different ways. At least we’re doing the following: We can even teach you how to do things in a better way when the Three Arrows go bankrupt.”
Davis founded the Singapore-based company in 2012 and at its peak managed $18 billion in crypto assets, the New York Post reported. The company received a liquidation order from the British Virgin Islands in 2022, followed by court orders in Singapore and the United States, allowing Davis and his team to repay the billions they owed investors. . (Related: ‘Best video of all time’: Hilarious manga nails the absurdity behind crypto founder’s downfall)
Instead, Davis and his business partner Su Tzu decided to flee. Zhu was arrested at Singapore’s Changi Airport in September and sentenced to four months in prison.
FTX continues to look for more and more suspension https://t.co/7AVndmOlnq
— Daily Caller (@DailyCaller) November 16, 2022
FTX founder Sam Bankman Fried, who was convicted in 2023 for the largest financial fraud in history, blamed Davis and Zhu’s companies for much of the 2022 crypto crash.
It is unclear whether Mr. Davis will return to the United States immediately to see his family or what repercussions he will face if he does. he doesn’t suspect anything. He is suspected of missing a court date in Singapore and hiding out in Portugal. However, his comments suggest that he lives on another planet, or another timeline where his questionable behavior is not a big problem.
