Mr. Zhu mentioned he was tuning out the criticism. On Twitter, he responded to a damaging article in The Wall Road Journal by quoting John F. Kennedy: “We select to go to the moon on this decade and do the opposite issues not as a result of they’re straightforward, however as a result of they’re onerous.”

“I’ve already created 75 jobs,” he mentioned over dinner in Singapore. “At the very least these individuals like me.”

This month, Open Alternate unveiled its personal cryptocurrency, referred to as OX, just like the animal. The worth shot up over a few days. “I’m getting early 3AC vibes once more,” Mr. Davies wrote on Twitter on Tuesday. “Nothing compares to the vitality of a startup.”

Privately, Mr. Davies has been encouraging Three Arrows’ collectors to commerce their chapter claims on Open Alternate. In January, he invited collectors to an “advert hoc 3AC creditor assembly.” However on the decision, Mr. Davies spoke the whole time, in line with two individuals accustomed to the matter; he ended the session simply as somebody was attempting to ask a query.

In Barcelona final month, Mr. Davies appeared relaxed, and spoke glowingly of the “superb cafes” on Las Ramblas, a busy thoroughfare that cuts throughout the center of the town. One Saturday night time, he ate a late dinner at Els Pescadors, a seafood restaurant close to the seashore, ordering oysters, croquettes, native wine and three rounds of whiskey.

By the tip of the meal, Mr. Davies was rattling off enterprise concepts. In Dubai, he mentioned, he has made inquiries about opening a hen restaurant, presumably within the type of a cloud kitchen, with no storefront. For some time, he and Mr. Zhu thought of making a movie about Do Kwon and the collapse of Luna. “Our concept was mainly that we might do an empathy piece,” he mentioned. “We had an entire group that was going to supply it at Sundance or no matter.”