3AC co-founder Kyle Davies admits to losing billions in investor funds, refuses to apologize, and plans to avoid jail time in Singapore.
Kyle Davies, co-founder of failed crypto hedge fund Three Arrows Capital (3AC), spoke out about the collapse, saying he is "not sorry" for losing billions of investor funds and plans to avoid jail time in Singapore. He remains defiant, focusing on offering insights to future entities facing similar challenges. Davies and his co-founder Su Zhu set up a bankruptcy claims exchange called OPNX in Dubai, which later faced regulatory scrutiny and shut down.
March 20, 2024
3 Articles