Kyle Davies, co-founder of 3AC, said he would not apologize for the fund's bankruptcy

PANews reported on March 20 that Kyle Davies, co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), said in an interview with Unchained Podcast that he would not apologize for the fund's bankruptcy, according to CoinDesk. He believes that corporate bankruptcy is a common phenomenon and says that they are doing their best to add value in different ways. Davies and another co-founder, Su Zhu, founded Three Arrows Capital in 2012, but suffered significant losses in the crypto market crash in mid-2022, causing 3AC to begin liquidation proceedings in the British Virgin Islands, Singapore, and the United States.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)