The founders of Three Arrows Capital, which recently filed for bankruptcy, broke their 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.
Su Zhu and Kyle Davies, the founders of Singapore-based Three Arrows Capital, made some statements on the subject in an interview with Bloomberg.
Three Arrows Capital Founders Will Move The Company
Three Arrows Capital founders, Su Zhu and Kyle Davies, said in a recent interview with Bloomberg that what happened was very upsetting and denied claims that money was withdrawn from the fund before it went bankrupt.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 also added that they could not foresee the collapse of Luna.
Zhu; “There are a lot of crazy people who have made death threats or insults to Kyle and me. If we can be physically reassured, we think it’s in everyone’s best interest.” said
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