Three Arrows Capital Owes Su Zhu $5M And Kyle Davies’ Wife $65M

An affidavit from co-founder Kyle Davies also claims Three Arrows Capital owes his wife $65 million and Su Zhu $5 million.

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.”

The affidavit said

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.

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.

Three Arrows Capital owes a total of $3.5 billion

The affidavit, along with others from liquidator Russel Crumpler, and some of 3AC’s largest creditors were made public on Monday when Teneo, the company overseeing the hedge fund’s liquidation, shared more than 1,000 pages worth of court documents online.

Although Teneo took the documents down later that day, they had already been saved and uploaded elsewhere.

The court documents revealed that 3AC owes its creditors a total of $3.5 billion to 25 different companies, including $2.3 billion to Genesis, a crypto trading and lending company under the Digital Currency Group umbrella.

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