Sources: Three Arrows Capital co-founder Kyle Davies spotted in Bali

ChainCatcher news, according to Cointelegraph, Three Arrows Capital co-founder Kyle Davies has been spotted in Bali, continuing to evade authorities regarding the allegations of Three Arrows Capital's collapse. Davies became embroiled in bankruptcy proceedings after the firm’s collapse in 2022, and he was sentenced to four months in prison in Singapore for failing to cooperate with an investigation into his bankruptcy.

An anonymous source provided photos showing Davies at the Milk and Madu café in Canggu, Bali, with an unidentified woman on November 8. Additionally, other sources involved in the ongoing bankruptcy proceedings in Singapore confirmed that Kyle Davies is residing in Indonesia. These unpublished images bear a striking resemblance to several photos Davies has posted online over the past two years. Witnesses stated that Davies appeared to be "doing well and happy," with the provided images showing him wearing his signature pink crewneck shirt and sunglasses.

Sources from the media indicated that Davies's detention depends on the cooperation of the Bali authorities. After marrying a Singaporean citizen and obtaining citizenship in that country in 2022, Davies renounced his U.S. citizenship and has since successfully evaded U.S. contempt charges related to his bankruptcy case.

U.S. Bankruptcy Judge Martin Glenn in the Southern District of New York ruled that the court could not "exercise jurisdiction over Mr. Davies" after Davies's legal representatives submitted evidence proving he is no longer a U.S. citizen. The judge suggested that foreign representatives might consider compelling Davies to comply through the Singapore courts.