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Three Arrows Capital co-founder Su Zhu had a $1.4 billion stake in the offshore fund that pooled together the crypto fund’s assets, according to an affidavit from co-founder Kyle Davies.
In the affidavit, filed on June 27 under the pseudonym “Robert Gardner,” Davies goes on to say that because of the recent crypto market downturn, “much of the value of these investments have been wiped out. Investors, like Mr. Zhu, have suffered immense losses in [Three Arrows Capital].”
Davies also stated that Three Arrows Capital, which is also known as 3AC, owes his wife, Chen Kaili Kelly, $65 million. He also said the company owes Zhu $5 million.
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Three Arrows Capital (3AC) owes a whopping $3.5 billion to 27 different companies—including Blockchain.com, Voyager Digital, and lender Genesis Global Trading—according to court documents.
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.."Pirates of the Caribbean "
Not surprising, it's common to setup offices in Singapore just with one intention to cheat big time.
Another Port Royal..
(This post was last modified: 21-07-2022, 06:48 AM by
Scythian.)
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(21-07-2022, 06:39 AM)Scythian Wrote: .."Pirates of the Caribbean "
Not surprising, it's common to setup offices in Singapore just with one intention to cheat big time.
Another Port Royal..
Heng I no play crypto since day 1
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(21-07-2022, 07:01 AM)p1acebo Wrote: Heng I no play crypto since day 1 
Smart boy
Maybe MAS allows these companies to help customers risk protections, and for hedging their multi million assets exposures
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(21-07-2022, 06:39 AM)Scythian Wrote: .."Pirates of the Caribbean "
Not surprising, it's common to setup offices in Singapore just with one intention to cheat big time.
Another Port Royal..
How come their passport no impounded and they can just run.
If u steal $200 from 7 eleven, then will impound your passport.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
(This post was last modified: 21-07-2022, 08:09 AM by
sgbuffett.)
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(21-07-2022, 08:09 AM)sgbuffett Wrote: How come their passport no impounded and they can just run.
If u steal $200 from 7 eleven, then will impound your passport.
3AC CEO and partners are highly talented, skilful and intelligent professionals requited in Singapore.
While Stealing $200 from 7-11, and stealing toddlers bicycles are considered by police as public nuisance and classified with big time robbers.
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(21-07-2022, 07:01 AM)p1acebo Wrote: Heng I no play crypto since day 1 
me too
many tempt me
we are the smart ones
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(21-07-2022, 09:29 AM)Talent Wrote: me too
many tempt me
we are the smart ones
MAS isn't happy with such prople