Kyle Davies, the co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), says he is not sorry that his company collapsed in 2022 and lost billions of investors’ funds in the process.
Davies expressed his lack of remorse during an interview with Laura Shin on a March 19 episode of the Unchained Podcast, stating that he intends to avoid jail time in any way possible.
Kyle Davies is Not Sorry
Recall that Three Arrows collapsed in mid-2022 amid the crypto market downturn due to heavy losses incurred from its positions. After a British Virgin Islands court ordered the liquidation of the assets, 3AC’s liquidator, Teneo, revealed the firm owed its creditors about $3.3 billion.
Since then, Davies and his partner, Zhu Su, have been in hiding. They launched and closed the bankruptcy claims trading platform Open Exchange (OPNX) and ventured into other crypto businesses. Although Su was eventually arrested in Singapore in September 2023, Davies has remained at large. Th
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