Three Arrows Founders, En Route to Dubai, Describe ‘Regrettable’ Collapse

Jul 22,2022
KingData News: At times contrite and at times defensive, Davies and Zhu, speaking from an undisclosed location, described a systemic failure of risk management in which easy-flowing credit worsened the impact of wrong-way. Zhu Su said in an interview, "There were rumors that I withdrew my investment before the crisis broke out at Three Arrows, but I actually invested more money at that time. Two of Three Arrows Capital's co-founders, ZhuSu and Kyle Davies, are currently on their way to Dubai.
On June 13, Zhu Su, co-founder of Three Arrows Capital, has removed ETH, AVAX, LUNA, SOL, NEAR, MINA and other Tokens from his Twitter profile. On June 15, sources revealed that the total liquidation amount of Three Arrows Capital on Deribit, BlockFi and other lending platforms was up to $400 million. This indicator provides a real-time tracking of news reports on Three Arrows Capital's liquidity crisis.
25,696Follow
51,765

Recommend

More