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2024-07-20 17:00:42 +0300

The Race: Three Arrows Capital (3AC) Founders Detained in Dubai Airport

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Investing.com
By Daily Coin

© Reuters The Race: Three Arrows Capital (3AC) Founders Detained in Dubai Airport

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  • Su Zhu & Kyle Davies were reportedly detained by police in Dubai while boarding a private jet to Switzerland.
  • The now insolvent Three Arrows Capital has $3.5B of debt according to affidavits.
  • The 3AC founders filed a $30M claim against their own company while on the run.

Three Arrows Capital (3AC) founders Su Zhu and Kyle Davies were identified and detained by local authorities in Dubai, UAE as they attempted to flee to Switzerland in a private jet. Further details are yet to be revealed, according to CryptoWhale.

3AC founders Su Zhu and Kyle Davis have just been detained at an airport in Dubai, while trying to board a private jet to Switzerland.

— CryptoWhale (@CryptoWhale) July 19, 2024

On Monday, Teneo, the liquidation company appointed by the British Virgin Islands’ court, uploaded a 1,000-page document. The long read was taken down the same day, only to be mirrored by those who were quick enough to save it.

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