Fun

News Feed - 2023-11-16 10:11:45

Gareth Jenkinson10 hours ago3AC co-founder Kyle Davies spotted in Bali, sources claimSources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund.1775 Total views11 Total sharesListen to article 0:00ExclusiveJoin us on social networksThree Arrows Capital (3AC) co-founder Kyle Davies has reportedly been seen in Bali as he continues to evade authorities over the collapse of the defunct hedge fund.


Davies, who has been embroiled in bankruptcy proceedings since the collapse of 3AC in 2022, has already been sentenced to four months in jail in Singapore for failing to cooperate with investigations into its bankruptcy.


An anonymous source provided Cointelegraph with images that purportedly show Davies with an unknown woman at the Milk and Madu cafe in Canggu, Bali, on Nov. 8. Furthermore, separate sources involved with ongoing bankruptcy proceedings in Singapore have confirmed that the 3AC co-founder is based in the Indonesian province. 


The images, which have been withheld from publication, bear a stark resemblance to several photographs that Davies has posted online over the past two years.


The witness claims that Davies looks “alive, well and happy” and attempted to conceal his visage once he suspected he may have been recognized. The images supplied showed Davies in a signature pink collared shirt and sunglasses.


“It is 100% him. From the shirt and glasses, I also saw him firsthand without the glasses. He then put the glasses on when he felt we recognized him and continued to put the glasses on until we left the place and took this from the cashier’s point of view,” the source told Cointelegraph.


Davies’ co-founder Su Zhu was arrested in Singapore on Sept. 29 as he attempted to flee the country after 3AC liquidator Teneo had secured a civil court order that committed both founders to prison earlier in the month.


The New York Times reported that the pair had spent months in Bali instead of cooperating with bankruptcy proceedings in the United States and Singapore.


Cointelegraph’s source involved in the ongoing case in Singapore said that Davies’ detention depends on the cooperation of Bali authorities. 


Davies has since successfully evaded contempt charges in the U.S. over the bankruptcy case in the country, having renounced his American citizenship in 2022 following his marriage to a Singaporean national and taking up citizenship in the country.


Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York ruled that the court could not “exercise jurisdiction over Mr. Davies” following evidence presented by Davies’ legal representatives that proved he was no longer an American citizen.


The judge hinted that the foreign representatives could consider compelling Davies’ compliance through Singaporean courts. He denied the contempt motion and said the U.S. court could largely not “exercise jurisdiction over Mr. Davies.”


Davies’ pending arrest and four-month sentence in Singapore resulted from a committal order secured by Teneo for contempt of court.


Magazine: Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers# Fraud# Singapore# Crimes# Scams# RegulationAdd reactionAdd reactionRead moreCan crypto Privacy Pools help balance privacy and regulation?How to manage crypto losses on tax returns in the US, UK and CanadaThe Alameda gap and crypto liquidity crisis explained

News Feed

Southeast Asia’s Largest Bank DBS to Launch Crypto Trading for Retail Investors
Southeast Asia"s Largest Bank DBS to Launch Crypto Trading for Retail Investors DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors t
Chinese Regulator Aims to Digitize Securities Market Using Blockchain and Smart Contracts
Chinese Regulator Aims to Digitize Securities Market Using Blockchain and Smart Contracts China’s Securities Regulatory Commission (CSRC) will promote a national alliance ch
Derek Andersen2 hours agoNomura’s Laser Digital receives in-principal approval for operations in Abu DhabiThe Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of t
XRP Binance Inflows Spike: What It Means For Price
Este artículo también está disponible en español. On-chain data shows the XRP Binance Netflow has spiked to positive levels recently. Here’s what this could mean fo
Spot Crypto ETFs: Litecoin Likely Next In Line For SEC Nod
Este artículo también está disponible en español. As rumors of the possible approval of Litecoin ETF widely spread, LTC price jumped by 18% over 24 hours to $118. Launche
Treasury Secretary Yellen Asks US Regulators Overseeing Crypto Assets to ‘Act Quickly’ to Regulate Stablecoins
Treasury Secretary Yellen Asks US Regulators Overseeing Crypto Assets to "Act Quickly" to Regulate Stablecoins U.S. Treasury Secretary Janet Yellen has asked the
Bitcoin․com Partners with HAPI to Launch High-Yield Farm on Verse DEX and Enhance Wallet and DEX Security
Bitcoin․com Partners with HAPI to Launch High-Yield Farm on Verse DEX and Enhance Wallet and DEX Security press release Bitcoin.com , a global leader in accessible cryptocurrency
Alice Ivey7 hours agoHow to use ChatGPT for project managementDiscover how to leverage the power of ChatGPT for effective project management.3763 Total views4 Total sharesListen to article 0:00OverviewJoin us on social n
ADALend Is Building a Cardano Native, Scalable and Decentralized Lending Protocol
ADALend Is Building a Cardano Native, Scalable and Decentralized Lending Protocol sponsored ADAlend.finance , a protocol that is bringing decentralized lending to the Cardano blockc
Aces, Jokers, and NFTs: Playing Card Manufacturer Bicycle Launches NFT Genesis Collection
Aces, Jokers, and NFTs: Playing Card Manufacturer Bicycle Launches NFT Genesis Collection The well known playing card manufacturer Bicycle has announced the launch of the company&#
Altseason Loading? Analyst Explains How FTX $5B Distribution May Trigger The Next Bull Leg
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Visa CEO Says Payments Giant Set to Introduce Cryptocurrency Trading on Its Network
Visa CEO Says Payments Giant Set to Introduce Cryptocurrency Trading on Its Network Payments giant Visa Inc’s CEO Alfred Kelly has revealed his firm’