Su Zhu and Kyle Davies of Three Arrows Capital Wanted to Buy Yacht Worth $50 Million, Reports Say .
The supposedly all-white luxury boat was to carry the name “Much Wow”. a nod to the popular cryptocurrency Dogecoin.
3AC filed for bankruptcy the same month Much Wow was due to arrive and weigh anchor.
The crypto hedge fund also has outstanding debt with Voyager Digital at press time.
A liquidation proceeding led by Teneo Restructuring and a committee of plaintiffs is underway, per reports
Su Zhu and Kyle Davies, co-founders of the crypto hedge fund in bankruptcy Three Arrows Capital, planned to buy Singapore’s most luxurious yacht shortly before the contagion spread through the cryptocurrency market and sank the company.
A Monday NYMag article revealed that Zhu and Davies hoped to name their white boat “Much Wow”, a supposed joke and homage to the cryptocurrency meme Dogecoin. The pair also planned to deploy their lavish vessel as a showroom for a large collection of non-fungible tokens (NFTs), otherwise known as digital art or collectibles.