Sat. Dec 14th, 2024

The Crazy Twist in Crypto Hedge Fund’s Spectacular Flameout<!-- wp:html --><p>Rafael Henrique/SOPA Images via Getty Images</p> <p>The founders of a major <a href="https://www.thedailybeast.com/luiz-capuci-charged-with-running-crypto-scam">crypto</a> hedge fund that went belly up last month, bringing at least one other company down with it, have gone missing, according to court documents.</p> <p>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 <a href="https://www.thedailybeast.com/crypto-bloodbath-intensifies-as-coinbase-plans-to-lay-off-1100-workers">dramatic crash in the price of crypto</a>.</p> <p>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.”</p> <p><a href="https://www.thedailybeast.com/bankrupt-three-arrows-capital-founders-are-missing-court-papers-claim?source=articles&via=rss">Read more at The Daily Beast.</a></p> <p>Got a tip? Send it to The Daily Beast <a href="https://www.thedailybeast.com/tips">here</a></p><!-- /wp:html -->

Rafael Henrique/SOPA Images via Getty Images

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.”

Read more at The Daily Beast.

Got a tip? Send it to The Daily Beast here

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