--- title: "Crypto Hedge Fund Founders Abandon HQ and Disappear After Implosion" description: "Zhu Su and Kyle Davies, founders of bankrupt crypto hedge fund Three Arrows Capital (3AC), are literally missing — and they might be on the lam." date: "2022-07-12" modified: "2022-07-12" authors: - name: "Maggie Harrison Dupré" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/mharrison" url: "https://futurism.com/the-byte/crypto-hedge-fund-founders-disappear" categories: - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "crypto" - "hedge fund" - "the digest" --- # Crypto Hedge Fund Founders Abandon HQ and Disappear After Implosion ![Zhu Su and Kyle Davies, founders of bankrupt crypto hedge fund Three Arrows Capital (3AC), are literally missing — and they might be on the lam.]() *\Image: Getty Images/Futurism\* ## Act Natural Zhu Su and Kyle Davies, founders of [bankrupt crypto]() hedge fund Three Arrows Capital (3AC), are missing — and the evidence suggests they might be on the lam. A [bombshell court document]() filed in the US Bankruptcy Court on Friday alleges that after failing to receive any "meaningful cooperation" from the founders, representatives from the British Virgin Islands judge-appointed liquidation crew decided to pay the embattled company's Singapore office a visit. But upon arrival, the reps were met with — seriously, you cannot make this up — a locked door and a pile of unopened mail. ## Ghosted *Reuters* [reports that]() an emergency hearing is set to take place today as a result of the filing, but as this attempted courtesy call took place in late June and neither founder has yet to materialize, it's probably doubtful that they'll show up in court. Honestly though, when you look at the bizarre behavior around the bankruptcy, the disappearance isn't terribly surprising. The reps allege in the suit that neither hedge honcho nor their lawyers showed up for an "urgent" video meeting last Thursday. Before that, they'd joined a Zoom with "persons identifying themselves as 'Su Zhu' and 'Kyle,'" however "their video was turned off and they were on mute at all times with neither of them speaking despite questions being posed to them directly." ## Big Debts Su and Davies owe a lot of money to a lot of people. Their Singapore-based firm collapsed after they [defaulted on loans]() to now-[bankrupt crypto broker Voyager]() and [exchange Blockchain.com](), debts worth $670 million and $270 million respectively. The liquidators claim they're trying to prevent the "dissipation" of any remaining funds that the firm might be holding onto. But according to the suit, this may be difficult to prevent, even without the whole missing thing — most of 3AC's assets are "readily transferable" digital coins and [NFTs](), or just straight cash. We do hope that Su and Davies are safe, of course. And we get it, we've all run from our problems before. Our problems just weren't, well, *this incredibly serious*. **READ MORE:** [*Three Arrows Capital Office Abandoned, Founders Missing, Say Creditors*]() \[*Decrypt*\] **More on bad crypto behavior:** [*Horrifying Loan Scheme Allows People to Buy Nfts in Installments* ]() ## Author At Futurism, I've reported extensively on the rise of AI as a cultural and business force shaping the media industry, and more broadly how those dynamics are changing how we all consume and share information and relate to one another. I'm also fascinated by public health policy and ethics, the role of emerging tech in politics and governance — and the powerful people and forces at those intersections — climate change, and the environment. My investigation on Sports Illustrated's use of AI-generated authors with fictional biographies won a 2024 Mirror Award for "Best Story on Media Coverage of Artificial Intelligence in Journalism and the Media" from Syracuse University's SI Newhouse School, I contributed to Niemen Lab's 2025 Predictions for Journalism series, and I've discussed my work for Futurism during appearances on NPR, CNN, the BBC, the CBC, and more. I grew up in rural Pennsylvania and attended the University of Massachusetts Amherst, where I played Division I field hockey for the Minutewomen as a midfielder. Since then, I've lived in New Orleans, Louisiana and Manhattan, New York. I spend my free time running, reading, perusing archival fashion, and searching for the world’s best negroni. I also have a debonair tuxedo cat, Westley, who's named after "The Princess Bride." ### Author social links [Bluesky]()