The Great Disappearance of Three Arrows Capital Founders: Where Are They Now?

Locked Doors and Mysterious Absences

The hunt for the co-founders of Three Arrows Capital (3AC) has become the financial version of a game of hide and seek—except this time, the seekers are court-appointed liquidators armed with nothing but an empty desk and unopened mail. When these brave souls ventured to the firm’s Singapore headquarters, what did they find? Nothing but a locked door. It seems the founders didn’t leave a post-it note with their whereabouts, either.

A Tale of Court Appointments and Cryptic Moves

Back in June, the British Virgin Islands (BVI) threw a legal wrench in 3AC’s operations by appointing the consulting firm Teneo to manage the liquidation of its assets. Spoiler: It didn’t go as smoothly as planned. Teneo’s managing directors, Russell Crumpler and Christopher Farmer, reported to the court that Su Zhu and Kyle Davies were, and still are, MIA. Talk about a disappearing act!

Underground! Underground!

What could the founders be up to? David Lesperance, a tax and citizenship adviser, suggests they’ve likely executed their master escape plan. In many unregulated industries—think of our beloved cryptocurrency—keeping a low profile can prove advantageous when the long arm of government comes knocking. Imagine them sipping cocktails in a secret lair, plotting their next move as regular folks navigate the chaos of liquidity issues.

Dubai: The New Hideaway for Crypto Kings?

Rumor has it that Zhu and Davies might have swapped Singapore’s skyline for Dubai’s luxury high-rises. While Dubai is all the rage among crypto entrepreneurs, Lesperance warns it’s not as fool-proof as it seems. After all, even the cleverest of criminals can’t outrun the law forever—just ask Hushpuppi. The glittering deserts may not be the safest bastion if the U.S. or other countries start waving extradition signs.

The Passports and Potential Plights

Being American citizens, they might think they’re untouchable—but in reality, their passports are merely the property of the U.S. government. Cancellation by Uncle Sam could leave them stranded, passport-less, in a country where their options are limited. Picture that nightmare: no passport, no plane ticket, and no means of ducking the charges that may come their way. Dangerous game, gentlemen!

Citizenship by Investment: A Long-Delayed Hope?

Can Zhu and Davies snatch up some quick citizenship through investment? Sure, there are programs in places like Dominica and St. Kitts—but let’s be real. Given their public profile and potential legal woes, getting a new passport isn’t as simple as picking a winning lottery ticket. Plus, citizenship by investment isn’t instantaneous like ordering a pizza; it can take months. Time isn’t exactly on their side.

Lessons Learned: What This Means for Crypto

The downfall of 3AC isn’t just a swan song for two co-founders; it’s a critical reminder about the volatility inherent in cryptocurrency investing. For every cautionary tale, remember that the digital coins still hold giant potential. Navigating crypto means armoring up with due diligence and prudent risk management, unless you fancy joining the ranks of those with locked doors and backlogs of mail.