Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Few crypto figures have been as vilified as Kyle Davies, the co-founder, along with Su Zhu, of crypto hedge fund Three Arrows Capital, which imploded in mid-2022, losing $3 billion and bringing many pillars of the crypto industry down with it. Davies and Zhu have been accused of, among other things, lying about 3AC’s assets as the firm was imploding, trying to borrow money when the firm was insolvent, and seeking funding from the Mafia, all of which Davies denies.
But he remains unapologetic about 3AC’s demise, saying most, if not all, companies eventually go bankrupt, and that 3AC had a “pretty spectacular” ten-year run. He joined Unchained to explain why he and Su Zhu were ordered to prison in Singapore for non-compliance with the liquidation proceedings, Zhu’s “six weeks meditating” (in prison), where he’s living now, why he and Zhu went to Bali after the bankruptcy, his $25,000-a-month fee for consulting for crypto bankruptcy exchange OPNX, his and Zhu’s current work advising crypto derivatives platform OX.FUN, and what he wishes he would have done differently in terms of 3AC’s wind down.
Show highlights:
Su Zhu’s Arrest
3AC Founders’ Assets Frozen
3AC Ventures
Davies and Su’s Post Bankruptcy Lives
OPNX
OX.FUN
Learn more about your ad choices. Visit megaphone.fm/adchoices
Consensys’s Lawsuit Against The SEC: Will It End Gensler's ‘Unlawful Power Grab’? - Ep. 637
The Chopping Block: Uniswap's SEC Scrutiny, Token2049 Flood Catastrophe, and Bitcoin's Halving Impact - Ep. 636
The US vs. Crypto: Jake Chervinsky on Crypto's Legal and Regulatory Status - Ep. 635
After the Bitcoin Halving, Will the Runes Protocol Live Up to the Hype? - Ep. 634
Arthur Hayes and Will Clemente on How This Bitcoin Halving Is Different - Ep. 633
Gary Gensler’s Case Against Uniswap: Does the SEC Even Stand a Chance? - Ep. 632
The Chopping Block: The EVM Parallelization Dilemma, Solana's Network Congestion, and Avi Eisenberg's Legal Battle - Ep. 631
Polygon’s AggLayer Wants to Be a Hub for Ethereum Layer 2s. Can It Succeed? - Ep. 630
Ethena’s USDe Grew to $2 Billion in 7 Weeks. Is It Safe? - Ep. 629
The Chopping Block: The Dawn of the DeFi Civil War - Ethena, SBF, Blast & More - Ep. 628
The Real Reason Why the SEC Might Be Going After Ethereum - Ep. 627
How 'a Criminal Choice' Got Sam Bankman-Fried a 25-Year Prison Sentence - Ep. 626
The Chopping Block: Institutional Memecoin Craze, BASE vs. Ethereum, and Legal Clamps on Rogue Exchanges! - Ep. 625
How Gitcoin 2.0 Could Someday Help Reward People for Doing Good - Ep. 624
How BlackRock’s New Fund on Ethereum Got a Very Crypto Welcome - Ep. 623
The Chopping Block: Memecoin Presales, MakerDAO’s Endgame, and BlackRock's Blockchain Bet! - Ep. 622
How Ethereum’s Dencun Upgrade Could Lead to the Rise of Millions of Layer 3s - Ep. 620
The Chopping Block: The Ups-and Downs of Crypto since 2020 and where we are now! - Ep. 619
Why EigenLayer May Be the Most Innovative New Ecosystem Since Ethereum - Ep. 618
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Børsen Morgenbriefing
Startitup podcasty
Shift Key with Robinson Meyer and Jesse Jenkins
Wall Street Breakfast