Three Arrows co-founder Kyle Davies refuses to apologize for crypto hedge fund bankruptcy

Kyle Davies, co-founder of Three Arrows Capital (3AC), has refused to apologize for the crypto hedge fund's bankruptcy during an interview on the Unchained podcast. Davies also declined to reveal his current location. He stated that he is not sorry for the company's bankruptcy, as it is a common occurrence, but he and his team are doing their best to add value and learn from their mistakes. Davies and Su Zhu co-founded 3AC in 2012 but suffered heavy losses in the mid-2022 crypto market downturn, leading to insolvency proceedings in multiple countries. Singapore's central bank issued a nine-year ban against the 3AC founders in 2023, and a worldwide court order froze over $1 billion in assets belonging to them.