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3AC Founder Kyle Davies Refuses to Apologize for Bankruptcy
LayerZero CEO Reveals 3AC’s Pre-Bankruptcy Investment Temptation
Kyle Davies, co-founder of Three Arrows Capital (3AC), recently appeared on the podcast Unchained and expressed no remorse for 3AC’s bankruptcy. He even firmly stated that he has no intention of apologizing to anyone for this matter. In the podcast, Kyle Davies said:
“Would I feel sorry for a bankrupt company? Almost every company could go bankrupt, right? It depends on how you build and what you do. We will certainly try our best, and we can add value in various ways. At least we can even tell the next 3AC how to do better when bankrupt.”
Furthermore, Kyle Davies posted on X yesterday, stating that he is a devout cryptocurrency bull and that lenders should take responsibility for their choice of allocating their low-risk client funds to high-risk topics, rather than blaming others afterwards.
After 3AC’s bankruptcy, both co-founders have been unwilling to cooperate with the company’s bankruptcy proceedings. Zhu Su was arrested in Singapore in September last year, while Kyle Davies has been avoiding returning to Singapore to evade legal responsibility. Many creditors find it difficult to accept Kyle Davies’ recent series of statements. Bryan Pellegrino, CEO of LayerZero, even revealed last night that a few days before 3AC’s collapse, Kyle Davies attempted to persuade LayerZero to allocate the entire treasury of the project to the hedge fund. However, 3AC was already insolvent when the proposal was made.
Bryan Pellegrino said on X:
In addition, Bryan Pellegrino also mentioned that Arthur Hayes, the co-founder of BitMEX, was also a victim manipulated before 3AC’s collapse.
