Founders of failed crypto hedge fund 3AC lived it up in Bali in wake of collapse - Singapore News

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Founders of failed crypto hedge fund 3AC lived it up in Bali in wake of collapse - Singapore News
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Zhu spent a lot of time playing video games but eventually started going into the ocean, surfing, taking hard walks and getting back into the gym routine, while Davies's days were spent “painting in cafes and reading Hemingway on the beach” in Bali

collapsed last year, with debts totalling $3.3 billion , shocking the crypto market and demolishing the savings of millions of amateur investors., a Singaporean, and Kyle Davies, an American, lived it up in Bali, Indonesia, after the collapse of the company.

This happened as the liquidation process for 3AC, which had managed around $10 billion in assets even until March 2022, began. For Davies, he wrote, “A lot of people asked me why I didn’t write a remorseful book. Someone help me with the math, but it would be hard to make 8figs to pay back a single reasonably sized creditor. I’d have to write Harry Potter to make 10figs.”

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