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Brazen on-the-run crypto coward grins as he refuses to apologize for blowing through $3.5 billion in investors' cash before fund imploded
A fugitive crypto hedge fund founder grinned as he refused to apologize for blowing through billions of investors' cash before his firm imploded. Kyle Davies and his business partner Su Zhu face over $3.5 billion in creditors' claims after their bankrupt fund, Three Arrows Capital (3AC), crashed amid the 2022 crypto downturn. While Zhu was arrested and served three months in prison for failing to coordinate with liquidators, Davies managed to avoid the same fate by remaining on the run. In an appearance this week on the Unchained podcast, where he refused to reveal his location, Davies grinned as he was asked about ... (full story)