recently filed for bankruptcy Founders of Three Arrows Capital He broke his silence today. The founders of the aforementioned company announced that they would go to Dubai due to the threats to their lives after the threats they received.
based in Singapore three arrows capitalfounders of This Zhuand Kyle DaviesIn an interview with Bloomberg, he made some statements about the subject.
Three Arrows Capital Founders Will Move The Company
three arrows capitalfounders of This Zhuand Kyle Davies In a recent interview with Bloomberg, he stated that what happened was very sad and denied the allegations that money was withdrawn from the fund before it went bankrupt. The company, which went bankrupt with the collapse of Terra (LUNA), was liquidated by FTX and Deribit. Investors claim that the defunct company still owes $2.8 billion.
Also, the founders didn’t want to say where they are right now. However, one of the company’s lawyers stated that the company will move to Dubai.
Zhu, one of the founders of the company, made the following statement;
“Given we are planning to move the business to Dubai, we should go there soon to assess whether we have moved there as originally planned or if the future is something different for us.”
Furthermore, Zhu said that the reason for the collapse of the fund was to engage in leveraged trades in hopes of the crypto market climbing up. He added that they did not foresee the collapse of Luna.
Zhu; “There are too many crazy people who are making death threats or insulting Kyle and me. If we can be physically reassured, we think it’s in everyone’s best interest.” said
