Kyle Davies Is Not 'Sorry' For 3AC Bankruptcy, Says 'No, Like Companies Go Bankrupt'
Portfolio Pulse from Mehab Qureshi
Kyle Davies, co-founder of the now-bankrupt crypto hedge fund Three Arrows Capital (3AC), expressed no regret over the fund's bankruptcy in an interview. He mentioned that companies going bankrupt is a common occurrence and discussed the potential to add value in various ways despite the fund's collapse. Davies also highlighted the legal challenges faced, including his former partner Su Zhu's arrest and subsequent prison sentence in Singapore. Davies, who has renounced his U.S. citizenship for Singapore, has not returned to Singapore and speaks of a future settlement in the U.S.

March 21, 2024 | 8:54 am
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The price of Bitcoin (BTC) was mentioned to be up 7.71% in the last 24 hours, indicating a positive short-term price movement.
While the article primarily focuses on the bankruptcy of Three Arrows Capital and the legal issues surrounding its founders, the mention of Bitcoin's price increase provides a positive outlook for BTC in the short term. The news could influence investor sentiment positively, despite the negative context of the bankruptcy.
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IMPORTANCE 60
RELEVANCE 50