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

Zhu said he ignored the criticism. On Twitter, he replied: negative article Published in The Wall Street Journal Quote John F. Kennedy: “In the last decade we chose to go to the moon, not because other things are easy, but because they are hard.”

“I have already created 75 jobs,” he said over dinner in Singapore. “At least these people like me.”

This month, Open Exchange announced its own cryptocurrency called OX, like an animal. Prices skyrocketed within days. “I’m feeling the early 3AC vibe again,” Davis wrote on Twitter on Tuesday. “Nothing can match the energy of a startup.”

Davis has privately encouraged Three Arrows creditors to trade their bankruptcy claims on an open exchange. In January he invited creditors Attend an “Extraordinary 3AC Creditors Meeting”. But two people familiar with the matter said Mr. Davis kept talking on the phone. He ended the session just as someone was about to ask a question.

In Barcelona last month, Mr. Davis seemed relaxed and touted a “wonderful cafe” on Las Ramblas, the bustling boulevard that cuts through the city centre. One Saturday night, he had a late dinner at Else Pescador, a seafood restaurant near the beach, and ordered three rounds of oysters, croquettes, local wine, and whiskey.

By the time the meal was over, Mr. Davis started talking about business ideas. He said they are inquiring about opening a chicken restaurant in Dubai without a storefront, possibly in the form of a cloud kitchen. For a while, he and Mr. Ju considered making a film about the fall of Dokwon and Luna. “Our idea was basically to create a work that evokes empathy,” he says. “We had a whole team going to produce it at Sundance or something.”

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