It is unclear what planet Davies lives on. : The co-founder of a collapsed cryptocurrency hedge fund seemed to show no remorse during a Tuesday podcast interview for losing at least $3.5 billion in investor cash. Co-founder of Three Arrows Capital (3AC) Kyle Davies is currently on the run after allegedly bankrupting his firm, losing all of his investor’s money, according to the New York Post. But these allegations didn’t stop him from appearing on the Unchained Podcast to discuss the situation, where he pretty much laughed at all of it. “Am I sorry for a company going bankrupt? No.