Crypto hedge fund founder still missing after $3.5B collapse

Kyle Davies is the co-founder of Three Arrows Capital (3AC), a failed crypto hedge fund that lost $3.5B in investor money. He showed no remorse for the losses in a recent interview.

3AC filed for bankruptcy after making bad trades during the 2022 crypto downturn. Davies and his partner Su Zhu then went on the run from authorities.

Zhu was arrested in Singapore and sentenced to 4 months in jail. Davies remains at large and says he won't immediately return to Singapore. His location is unknown.

Davies recently launched another crypto company, OPNX, which was shut down by Dubai regulators months after launching.

Davies blamed the 2022 crypto collapse largely on 3AC's failures, but other major players like FTX and Binance also failed around the same time.