3AC Co-Founder: No Litigation Against Us

Kyle Davies, co-founder of the crypto investment fund Three Arrows Capital, which collapsed last year, broke his silence and spoke to the crypto press. Davies, 3AC He stressed that no lawsuit has yet been filed against him.

Blockchain 3AC, one of the largest mutual funds in the sector, went bankrupt in May 2022 due to the collapse of Terra. An investigation has been launched in many parts of the world about the sunken crypto company. According to sources, US financial institutions scrutinized the Singapore-based fund in October.

According to reports in December, 3AC has more than $3 billion in debt, versus just $1 billion in assets.

“It Has Nothing To Do With Me”

3AC co-founder Kyle Davies said it was natural for people to be angry with them after the collapse of the startup, but stressed that it had nothing to do with him.

“Why are people getting angry? Actually, it has nothing to do with me. They were enraged because the market fell. From our point of view, there is no lawsuit filed against us anywhere.”

It is unknown where Kyle Davies currently lives. Davies, who was connected to a television program in November, stated that he was continuing his life in Indonesia at that time.

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