Kyle Davies Says He Is Unapologetic About the Collapse of Three Arrows Capital (3AC)

Kyle Davies, the co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital , says he is not sorry that his company collapsed in 2022 and lost billions of investors’ funds in the process.his lack of remorse during an interview with Laura Shin on a March 19 episode of the Unchained Podcast, stating that he intends to avoid jail time in any way possible.Recall that Three Arrows collapsed in mid-2022 amid the crypto market downturn due to heavy losses incurred from its positions.

“Am I sorry for a company going bankrupt? No. Like, companies go bankrupt all the time. Every company goes bankrupt. It’s what you do about it and how you build,” Davies stated.Interestingly, Davies believes his reputation is still intact regardless of the backlash he has received on social media. He said most complaints were from individuals and entities, including FTX founder Sam Bankman-Fried and Digital Currency Group, who were unaffected by 3AC’s collapse.

“It’s a liquidator’s job to say that the founders are not cooperative…They are trying to maximize value for the estate,” Davies explained.BlockFi and 3AC Resolve Counterclaims in Bankruptcy Settlement, but There's a CatchOne Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.

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