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Kyle Davies, co-founder of defunct hedge fund Three Arrows Capital, claimed there are no pending lawsuits or regulatory action against him at the current time.
Three Arrows Capital met its demise as the crypto markets tumbled amid the implosion of the $60 billion Terra ecosystem last May. The hedge fund filed for bankruptcy two months later. In October, it was reported the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) were probing the Singapore-based fund over misleading investors about its balance sheet.
Three Arrows in December was reported to have more than $3 billion of liabilities against assets of just $1 billion.
While acknowledging the anger surrounding his fund's collapse, Davies claimed the regulatory and legal heat has receded.
"If you think about, why are people angry? It has nothing to do with me actually," Davies told CoinDesk from an office in Dubai. "They're angry that the market went down. In terms of us, we have no regulatory action anywhere, no lawsuits at all."
"There's just nothing, so I know they're clearly not mad at anything. They're mad because the supercycle didn't happen maybe, I don't know. Something like that."
The whereabouts of Davies has been a key question since the demise of Three Arrows Capital. In November Davies told CNBC that he was living in Bali, Indonesia. Neither Indonesia or the United Arab Emirates have extradition treaties with the United States.
recently launched the Open Exchange (OPNX), a platform that allows users to trade bankruptcy claims and use claims as collateral to trade crypto derivatives.
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