Are three arrows capital co-founder Zhu Su & Kyle Davies on the run?

Join our Telegram channel, add to your Google News Feed to stay up to date on breaking news coverage The co-founders of the bungled crypto lending firm Three Arrows Capital (3AC), Zhu Su, and Kyle Davies appear to be on the run from creditors, according to court documents recently filed in New York.

Who is Su Zhu & Kyle Davies?

Su Zhu and Kyle Davies turned 3AC into the most important hedge fund in crypto, but they bet everything on prices only going up. Days before Bitcoin fell decisively below $40,000, and two months before his hedge fund went bankrupt, Su Zhu sat down for an interview in the Bahamas, one shoeless foot tucked under his leg.

Was 3AC mismanagement before it collapsed?

The now bankrupt Three Arrows Capital (3AC) presented signs of mismanagement before the cryptocurrency hedge fund’s ultimate collapse. A report from New York Magazine reveals that 3AC co-founders Kyle Davies and Su Zhu faced criticism from banks and other traders before the company even entered the crypto market.

Did 3AC cause FTX companies to file for bankruptcy?

Crypto billionaire and the founder of the FTX exchange, Sam Bankman-Fried, blames 3AC for triggering a ripple effect that caused crypto companies to file for bankruptcy or freeze transactions. “I suspect they might be 80 percent of the total original contagion,” Bankman-Fried said in a statement to New York Magazine.