Odaily Planet Daily News Kyle Davies, co-founder of Three Arrows Capital, said that there are currently no pending lawsuits or regulatory actions against him. Davies said people's anger stemmed from the market decline. As far as we are concerned, there are no regulatory actions and lawsuits against us anywhere. According to previous news, Three Arrows Capital founders Su Zhu and Kyle Davies recently launched Open Exchange (OPNX), a platform that allows users to trade bankruptcy claims and use the claims as collateral to trade crypto derivatives. It is reported that in July last year, Three Arrows Capital filed for bankruptcy. In October, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) investigated whether Three Arrows Capital misled investors on its balance sheet. In December last year, it was reported that Three Arrows Capital had liabilities of more than US$3 billion and assets of only US$1 billion.