TechFlow news — Kyle Davies, co-founder of Three Arrows Capital, said Monday that the fund's two founders will donate a portion of their future OPNX proceeds to creditors who suffered losses last year due to the firm's bankruptcy.
Davies described the plan as a "shadow recovery process" separate from the ongoing liquidation proceedings. He noted that in fact, some early creditors have already received compensation, and these additional donations will supplement the recoveries creditors receive through the formal liquidation process.
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