Tag: kyle davis

Aug 15 2022

Three Arrows Capital Co-Founders Eyed $50 Million “Much Wow” Yacht Before 3AC Pulled A Titanic

Summary: Three Arrows Capital's Su Zhu and Kyle Davies wanted to buy a Yacht worth $50 million, per reports. The supposedly all-white luxury boat was to onboard the name "Much Wow". a nod to popular meme cryptocurrency Dogecoin. 3AC filed for bankruptcy the same month Much Wow was set to arrive and lift anchor. The crypto hedge fund also has an outstanding debt...

Jul 22 2022

Three Arrows Capital Co-founders Su Zhu And Kyle Davies Head For Dubai Amid “Regrettable” 3AC Saga: Bloomberg

Summary: Three Arrows Capital bosses are on their way to Dubai as 3AC liquidation proceeds. Su Zhu told Bloomberg that he and Davies have received death threats and prefer to keep a low profile for now. The founder also tagged recent events surrounding the crypto hedge fund as regrettable and said their bets did not pay off as planned. A liquidation committee led...

Jul 18 2022

Three Arrows Capital Boss Su Zhu Files $5 Million Claim Against His Own Insolvent Crypto Hedge Fund

Three Arrows Capital co-founder Su Zhu files million dollar claim against own company.

Jul 17 2022

Three Arrows Capital (3AC) Creditors Meet On July 18 For The First Time

Summary: Three Arrows Capital liquidators have a meeting set for July 18, 2022. This is the first time 3AC creditors are scheduled to meet and discuss proceedings. Teneo Restructuring will lead the meeting as the appointed liquidator by a British Virgin Islands court. Legal advisory firm Ogier also participates in the event as a complimentary firm. Teneo opened a dedicated website to update...

Jul 15 2022

Jul 10 2022

Three Arrows Capital Bankruptcy Filing Claims Location of Co-founders is Currently Unknown

Summary: Three Arrows Capital's bankruptcy filing states that the location of both Su Zhu and Kyle Davies is currently unknown, and the pair might have left Singapore. The document also states that Three Arrows Capital managed $3 billion in digital assets as of April 2022. The bankruptcy filing also requests a stay on active efforts by creditors to seize the hedge fund's assets....

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