3AC founders to donate future earnings to creditors citing ‘good karma’
The co-founders of the collapsed crypto hedge fund, Three Arrows Capital (3AC), are committed to donating funds citing “good karma .” Some of their future earnings from their latest crypto venture will go to creditors who suffered losses during the fund’s collapse in 2022. During a recent Twitter Spaces session hosted by IBC Group CEO Mario Nafwal, Kyle Davies, one of the co-founders, revealed their plan to allocate a portion of the future earnings from OPNX to assist the affected creditors. This philanthropic initiative stands apart from the ongoing liquidation proceedings and aims to provide additional support to those who lost funds. https://t.co/BLA0u9ZoAJ — Mario Nawfal (@MarioNawfal) July 3, 2023 Davies reiterated the co-founders’ strong belief in karma and expressed their intention to supplement the recoveries achieved through the formal liquidation process. He noted that several creditors have already been made whole and acknowledged tha...