Kyle Davies, co-founder of collapsed crypto hedge fund Three Arrows Capital, has claimed that he renounced his American citizenship and therefore does not need to answer to US courts. In court documents filed on Tuesday, Davies said he became a permanent resident of Singapore in 2017 and renounced his American citizenship when he got married, as Singapore doesn’t allow dual citizenship.

Three Arrows Capital filed for bankruptcy last year after a court in the British Virgin Islands ordered it to liquidate, following heavy losses caused by the collapse of crypto project Terra. Liquidators have demanded $1.3bn from co-founders Davies and Su Zhu.