Friday, February 3

Tag: Luna Collapse

3AC Founders Surface After Five Weeks Of Hiding Revealing The Reasons For The Collapse Of 3AC
Cryptocurrency

3AC Founders Surface After Five Weeks Of Hiding Revealing The Reasons For The Collapse Of 3AC

The co-founders of the Three Arrows Capital, Su Zhu and Kyle Davies, surface again after five weeks of hiding. They made it known in the interview with Bloomberg that the reason for hiding was nothing but the threats from various corners succeeded the challenge their firm experienced in early July which later bankrupted the creditors and destroy the selloff that foisted steep losses on mom-and-pop owners of Bitcoin and other tokens. The two founders were talking in an unknown location, analyzing the failure they got and they could trace it to their overconfident. As stated by the advisers in charge of liquidating reported on July 8th how the two founders hadn’t been communicating with them while their location was unknown. They claimed they're not talking to the advisors does not im...