Kyle Davies, co-founder of the now-defunct cryptocurrencycurrency hedge fund Three Arrows Capital (3AC), recently spoke about his future intentions and the business’s ongoing bankruptcy proceedings. In an interview, Davies stated that he had frequent meetings with creditors and liquidators and conveyed his desire for a settlement.
“I definitely anticipate a settlement of some form eventually. Furthermore, some creditors just choose to participate”, according to Davies.
In addition to completing the bankruptcy, Davies is contributing to the cryptocurrencycurrency community. Even though 3AC failed, he hopes to use the valuable lessons he learnt to prevent similar incidents in the future. Davies is presently working in the restructuring industry, which is part of the bitcoin reform initiative to better the cryptocurrencycurrency community.
3AC, which at one point controlled assets worth $10 billion, declared bankruptcy in July 2022 due to its failure to restructure debt during the economic crisis. The rising fame and his co-founder, Su Zhu, have faced criticism for alleged malfeasance and mismanagement of the fund during its downfall.
Still, he has not expressed regret. “Am I sorry that the company filed for bankruptcy? No. Don’t practically all businesses declare bankruptcy?
