TLDR Crypto · MISCELLANEOUS
THEIR CRYPTO COMPANY COLLAPSED. THEY WENT TO BALI.
Summary from the TLDR Crypto newsletter
This controversial article explains how Kyle Davies and Su Zhu have enjoyed leisurely lives traveling and sightseeing following the collapse of their cryptocurrency hedge fund, 3AC. Their hedge fund's failure led to substantial losses for other companies and individual investors, but Davies and Zhu claim to have thrived since, spending time in Bali, Thailand, and Malaysia, among other locations. Despite ongoing investigations and outstanding balances to creditors to the tune of $3.3 billion, they insist they've done nothing wrong. In fact, they're even promoting their next venture, Open Exchange, a platform for traders who lost money in last year’s crypto market crash to buy and sell claims to the bankruptcy estates of defunct crypto firms. Ironically, users will be able to trade claims against 3AC on this new exchange headed up by Davies and Zhu.