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Co-founder of collapsed crypto hedge fund renounces American citizenship to avoid US courts

Kyle Davies, co-founder of collapsed crypto hedge fund Three Arrows Capital, has renounced his American citizenship and is claiming he does not need to answer to US courts. Davies became a permanent resident of Singapore in 2017 and renounced his American citizenship when he got married, as Singapore does not allow dual citizenship. Three Arrows Capital went bankrupt last year after investing client money in new crypto ventures, including the collapsed crypto project Terra. The liquidators of Three Arrows Capital have demanded $1.3 billion from Davies and fellow co-founder Su Zhu, claiming they continued taking on leverage despite the firm being insolvent.

Three Arrows Capital Singapore
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