3AC founder Kyle Davies not sorry for his actions, intends to avoid prison
Kyle Davies, the founder of bankrupt Three Arrows Capital (3AC), was recently interviewed on the cryptocurrency podcast Unchained. During the interview, Davies explained how he intends to avoid his prison sentence in Singapore, how he still believes his actions were not fraudulent, and why “Uncle Kyle’s Chicken restaurant” is still unlaunched. Davies claimed the pending Singaporean prison sentence was a surprise, blamed his and Su Zhu‘s lawyers for not adequately reminding them about the court date that they missed, and also said that “this is not my full-time job.” Despite their lawyers apparently being responsible for their prison sentences, Davies noted that he has not fired his lawyers, though he did muse that, “maybe we should.” Davies also noted that he does not intend to return to Singapore for as long as the prison sentence is waiting for him. Davies has also not returned to the United States since the collapse of Three Arrow...