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Kyle Davies to donate future OPNX earnings to 3AC creditors for 'karma'

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Three Arrows Capital co-founder KyleLDavies has cited “good karma' as the reason he and zhusu will donate future earnings from opnx_official to make 3AC creditors whole.

Touting the process as the “first” of its kind, Davies claimed it would allow himself and Su to donate funds to 3AC creditors, but only if they were “early and supporting” of OPNX.

He claimed there are already a “number of creditors” that have been made whole. “If there are some that don’t want to deal with us, then they don’t have to,” he added. “We very much believe that if we do good and we say to creditors who lost money, they have a way to make more back. If we do bad and they do well, then that's great. And that's good karma, or whatever you want to call it."

When pressed on how he could be working on a new venture while his now-bankrupt hedge fund was still in the midst of a liquidation process, Davies claimed that creditors only stand to “benefit” from the new company.

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Kyle Davies evokes karma, says he'll donate some OPNX earnings to 3AC creditorsDavies, in a lengthy Twitter Spaces event on Monday, said he'd use the new OPNX crypto trading platform to 'donate' funds back to 3AC creditors.
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