The duo may be responsible for billions of dollars of losses the world over
Photo: CoinDesk/YouTube In what’s probably a sign of things going terribly wrong, two former billionaire crypto hedge-fund managers have disappeared, spurring a worldwide manhunt to find them as the broader industry freezes up. The two traders, Su Zhu and Kyle Davies, are co-founders of Three Arrows Capital, the Singapore-based fund that had once boasted of having as much as $10 billion in assets — pretty much all of it in digital currencies, non-fungible tokens, and the like.
So now, Zhu and Davies have apparently disappeared into the digital ether. According to filings in Manhattan federal court, the hedge-fund managers have made only minimal contact with the company that’s in charge of selling off its assets, Teneo, a consulting firm. According to Russell Crumpler, the Teneo executive who’s heading up the liquidation, the talks with the co-founders have been basically nil.
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