The Crazy Twist in Crypto Hedge Fund’s Spectacular Flameout
The founders of a major crypto hedge fund that went belly up last month, bringing at least one other company down with it, have gone missing, according to court documents.
Three Arrows Capital, a hedge fund started in 2012 by well-known crypto investors Su Zhu and Kyle Davies, filed to liquidate the company in the British Virgin Islands late last month, following a dramatic crash in the price of crypto.
Foreign representatives appointed to oversee the company’s liquidation told the court last week that the founders had “not yet begun to cooperate with the Foreign Representatives in any meaningful manner,” and that the two men’s physical whereabouts were “currently unknown.”
Got a tip? Send it to The Daily Beast here