Owing creditors $3.3 bn, founders of defunct crypto fund living large

Just because your crypto firm collapsed, doesn’t mean you are going to end up on house arrest at your parents’ pad.

Since their crypto hedge fund Three Arrows Capital collapsed last year — leaving the firm owing creditors $3.3 billion and the crypto market reeling — founders Kyle Davies and Su Zhu have been living the high life, according to a New York Times report.

As the liquidation process began for their crypto firm, both founders flew to Bali — Indonesia notably doesn’t have an extradition treaty with the United States — the Times reported.