Who are 3AC founders Kyle Davies and Zhu Su?

3AC founders Kyle Davies and Zhu Su have both taken to Twitter to speak on the recent collapse of crypto exchange FTX and its trading arm Alameda Research, saying that the firms were also involved with triggering 3AC’s bankruptcy. “I ran a hedge fund Three Arrows (aka 3AC) with Su for over a decade, 7 to 10 figures organic.

Who are Su Zhu & Kyle Davies?

After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion of their once high-flying hedge fund, saying their bungled crypto speculation unleashed cascading margin calls on loans that should never have been made. Su Zhu and Kyle Davies, both 35, first became friends in high school.

Why did Zhu & Davies put 3AC on a trade?

Zhu and Davies, long among the most vociferous crypto bulls in an industry known for extremes, put on trades – turbocharged by leverage – that put 3AC at the center of a series of implosions that convulsed the crypto market as prices retreated this year from their highs last fall.