Kyle Davies, co-founder of the now-collapsed crypto hedge fund Three Arrows Capital (3AC), remains unapologetic despite the firm's bankruptcy and losing $3.5 billion of investor money. Davies, showing no remorse, stated, ‘Every company goes bankrupt,’ and added, ‘Am I sorry for a company going bankrupt? No, like almost every company goes bankrupt, right?’ His comments have sparked controversy, especially amid allegations that he attempted to deceive LayerZero by convincing them to entrust their entire treasury to 3AC just days before its collapse. LayerZero's CEO, Brian Pellegrino, criticized Davies for the fund's risky financial maneuvers and for exploiting relationships and lying to partners and the community.
3AC FOUNDER’S SLY ATTEMPT TO TRICK LAYERZERO TEAM REVEALED “Getting liquidated is one thing. Lying and exploiting your friends, portcos, and people around you is another.” - The CEO of @LayerZero Labs, Brian Pellegrino, has brought a shocking revelation to light regarding the… https://t.co/1a1bckznCt https://t.co/JmpGldTKFl
JUST IN: LAYERZERO CEO SAYS 3AC FOUNDER KYLE DAVIES TRIED TO TRICK THEM INTO SENDING ENTIRE TREASURY TO NOW-COLLAPSED HEDGE FUND
So 3AC tried to get people in for a GBTC trade and tried to get LayerZero's entire treasury all of this as the fund was collapsing around them wildly reckless https://t.co/w2IiryLliP
3AC’s Kyle Davies tried to lure LayerZero to entrust entire treasury days before collapse, CEO Pellegrino claims https://t.co/6TjduKVyu0
3AC’s Kyle Davies lured LayerZero to entrust entire treasury days before collapse, CEO Pellegrino claims https://t.co/BxXVgO4kiE
3ACs greatest scam was failing to tell such compelling lies creditors were all FORCED to loan them money by the sheer power of the deal being offered. Their portfolio is public now and it's up HUGE. If they'd raised enough capital to prevent their position from being liquidated…
3ACs greatest scam was not telling everyone such compelling lies we were all FORCED to loan them money by the sheer power of the deal they were offering Their portfolio is public now and it's up HUGE. If they'd raised enough capital to prevent their position from being…
NEW: “Am I sorry for a company going bankrupt? No, like almost every company goes bankrupt, right? We can add value in various ways. We can even tell the next Three Arrows how to do things better when they go bankrupt,” says Three Arrows Capital co-founder Kyle Davies 👀 https://t.co/yNraWPAEnS
Grinning failed crypto hedge fund owner Kyle Davies shows no remorse after losing $3.5B in investor cash: ‘Every company goes bankrupt’ https://t.co/bCd85VPTAq https://t.co/H5zOHcdqzh
❌ @KyleLDavies remains unapologetic for 3AC's fall, stating bankruptcy is a part of business life on @Unchained_pod. Listen 👇 Spotify 🎧 https://t.co/CcoxgU8YOi Apple 🎧 https://t.co/ViDKGXY7kE 🔗 https://t.co/PLQtsSQs1K https://t.co/ahiyX92qXp