Posted on

Founders of Three Arrows, Failed Crypto Fund, Are Living Large


Mr. Zhu said he was tuning out the criticism. On Twitter, he responded to a negative article in The Wall Street Journal by quoting John F. Kennedy: “We choose to go to the moon in this decade and do the other things not because they are easy, but because they are hard.”“I’ve already created 75 jobs,” he said over dinner in Singapore. “At least these people like me.”This month, Open Exchange unveiled its own cryptocurrency, called OX, like the animal. The price shot up over a couple of days. “I’m getting early 3AC vibes all over again,” Mr. Davies wrote on Twitter on Tuesday. “Nothing compares to the energy of a startup.”Privately, Mr. Davies has been encouraging Three Arrows’ creditors to trade their bankruptcy claims on Open Exchange. In January, he invited creditors to an “ad hoc 3AC creditor meeting.” But on the call, Mr. Davies spoke the entire time, according to two people familiar with the matter; he ended the session just as someone w …

Read More