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Three Arrows Capital cofounder on jail: “I think it’s definitely good for you.”
That’s Su Zhu; Kyle Davies is still on the lam. But their woes may not yet be over:
Among the most incriminating evidence brought forward against Zhu and Davies is a document they sent to at least one creditor as crypto markets were collapsing in May 2022, claiming 3AC had nearly $2.4 billion under management. Both lenders and people close to the liquidators now believe this number was false, grossly overstating the fund’s assets. “We firmly believe they committed fraud.”
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‘They Are Very Comfortable With Lying’
[Intelligencer]
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