Founders of Collapsed Crypto Fund, Three Arrows Capital, Turn to Bali and Shrooms
The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company's failure last year.
Kyle Davies and Su Zhu, both 36, almost disappeared from public view following the collapse of their fund. However, a new New York Times report sheds light on what they have been doing since.
Per the report, the founders spent the summer in Bali, painting in cafes, reading Hemingway on the beach, and sightseeing around Thailand, Malaysia, Dubai, and Bahrain.
Davies spent his time "painting in cafes and reading Hemingway on the beach," according to the Times. He meditated, took shrooms on a rooftop, and flew to Bahrain for a Formula 1 event.
"You eat very fatty pork dishes, and you drink a lot of alcohol, and you go to the beach and you just meditate," he told the Times. "You have these magical experiences."
Zhu, on the other hand, took a different approach. He initially started playing a lot of video games, as he mentioned in a December tweet.
He then started hanging out with surfers and UFC fighters. "Things got a lot better mentally when I started going into the ocean, surfing, taking hard walks, getting back into a gym routine, reading books, learning new languages," he told the media.
After returning home to his mansion in Singapore, he and his wife installed a permaculture farm in their backyard with ducks, chickens, and dragonflies, the Times reported.
Davies and Zhu were once known as crypto superstars, managing a fund that oversaw more than $4 billion at its peak.
They were known for their trading skills, bold market predictions, and influence, which allowed them to borrow hundreds of millions of dollars from leading firms to make big bets on the future of the
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