Kyle Davies, co-founder of 3AC, expresses little remorse after the bankruptcy of his company, sparking a wave of criticism for his lack of accountability towards defrauded investors.
He reveals his determination to avoid prison in Singapore, adopting a nomadic lifestyle between Europe and Asia, while facing accusations of non-cooperation with the liquidation authorities.
Despite the resounding failure of 3AC and the impending closure of OPNX, Kyle Davies claims to maintain his influence in the crypto ecosystem, asserting unchanged respect despite the controversies.
Kyle Davies, co-founder of the now-defunct cryptocurrency hedge fund, Three Arrows Capital (3AC), displays a defiant attitude towards the spectacular collapse of his company and the colossal losses suffered by investors. In a recent appearance on the Unchained podcast, he expresses little remorse for his creditors and details his plans to evade potential incarceration in Singapore.
Kyle Davies does not hide his indifference towards the bankruptcy of 3AC, treating the event with a levity that borders on mockery. ‘Companies go bankrupt all the time,’ he says, laughing.
Determined to stay out of the reach of the Singaporean justice system, Davies reveals that he now favors a life in Europe, oscillating between this continent and Asia. This admission comes after he and his partner, Su Zhu, were criticized for their lack of cooperation with the authorities responsible for the liquidation of 3AC, fueling speculation about their desire to escape the consequences of their actions.
In spite of the controversies, Kyle Davies launched OPNX, a platform combining cryptocurrency exchange and bankruptcy management. Although the announced closure of OPNX adds yet another chapter to a series of failures, Davies boasts of his impact in the crypto industry, presenting himself as a figure still respected despite the turmoil.
The Teneo firm, in charge of the liquidation of 3AC, continues to demand approximately $3.3 billion from creditors, seeking to directly recover $1.3 billion from Su Zhu and Kyle Davies.
