- Kyle L. Davies, co-founder of collapsed crypto hedge fund Three Arrows Capital, has allegedly persisted in refusing to cooperate with liquidators of the bankrupt firm’s estate after being served with a subpoena on Twitter last month.
- Three Arrows owes around $3 billion to its creditors.
- Davies and his co-founder Su Zhu quickly moved into hiding while the firm filed for bankruptcy proceedings in New York and in the British Virgin Islands.
- Davies and Zhu recently attempted to raise tens of millions of dollars for a new crypto exchange.
Three Arrows' (3AC) Founder Davies Criticized for Ignoring Subpoena Via Twitter
Kyle L. Davies, co-founder of the collapsed crypto hedge fund Three Arrows Capital, has been criticized for ignoring a subpoena, allegedly owing creditors around $3 billion and attempting to raise funds for a new crypto exchange.