Three Arrows Capital Co-founder Kyle Davies Seen in Bali: Report
Kyle Davies, co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, has reportedly been spotted in Bali while he continues to escape arrest from Singaporean authorities.
Images provided to Cointelegraph show Davies with an unknown woman at the Milk and Madu cafe in Canggu, Bali on November 8th.
Cointelegraph did not publish the images, but said that they show a “stark resemblance” to multiple photographs that Davies has published online in the past couple of years.
The image depicted Davies in a pink collared shirt and sunglasses. The publication’s witness also claims that Davies looks “alive, well and happy” and was attempting to hide his face when he realized he may have been recognized in public.
“It is 100% him. From the shirt and glasses, I also saw him firsthand without the glasses. He then put the glasses on when he felt we “recognized” him and continued to put the glasses on until we left the place and took this from the cashier’s point of view,” the anonymous source told Cointelegraph.
A separate source confirmed to Cointelegraph that the 3AC co-founder is based in Bali. The New York Times previously reported that Davies and 3AC co-founder Su Zhu had spent months in Bali evading bankruptcy proceedings in the US and Singapore.
Davies and Zhu currently face four months in jail in Singapore for refusing to cooperate with bankruptcy investigations.
Three Arrows Capital, a Singapore-based cryptocurrency hedge fund, was mandated to liquidate by a court in the British Virgin Islands in June last year.
Established in 2012 by Davies and Zhu, the company borrowed billions of dollars for its trading activities. In 2022, Three Arrows became the inaugural major crypto firm to declare bankruptcy, a downfall which
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