Since their crypto hedge fund Three Arrows Capital collapsed last year — leaving the firm owing creditors $3.3 billion and the crypto market reeling — founders Kyle Davies and Su Zhu have been living the high life, according to a New York Times report.
Davies invested his time “painting in cafes and reading Hemingway on the beach,” according to the Times. He practiced meditation, took shrooms on a roof, and flew to Bahrain for a Formula 1 occasion.
He published images of his journeys, which were continuous since May, on Twitter. In one he was cuddling a Tiger. In another, he admired Southeast Asian architecture.
Immediately following the collapse of his business, Zhu played a great deal of computer game, he tweeted.
According to the Times, Zhu began to socialize with internet users and UFC fighters. After returning home to his estate in Singapore, he and his partner set up a permaculture farm in their yard with ducks, chickens, and dragonflies, the Times reported.
As the set took a trip, liquidators grumbled about being not able to find them. They did disappoint as much as an emergency situation court conference, and when they did appear on a Zoom conference, were unresponsive.
In April, Davies and Zhu released Open Exchange, on which individuals who lost money in the crypto collapse can purchase and offer insolvency claims.
Though there’s one huge thing they did need to bypass: The superyacht the 2 had actually developed. The boat, which included 5 decks, 2 retractable balconies, and a pool, was called “Much Wow” in a recommendation to a crypto meme, the Times reported. The duo missed their last payment to the shipbuilder, per the Times, and the boat was offered to another purchaser.
