for bankruptcy protection, leveraging the Chapter 15 process in order to protect the company’s assets in the United States.
“That does not mean that we haven’t been communicating with all relevant authorities,” the 3AC co-founder told Bloomberg. “We have been communicating with them from day one,” he added. Davies stressed that the entire ordeal was unfortunate and the duo is aware a lot of people lost funds. Davies remarked:The 3AC co-founders explained that prior to the collapse they were extraordinarily bullish and had put a number of trades on leverage expecting a market turnaround.
“We were never seen in any clubs spending lots of money. We were never seen, you know, kind of driving Ferraris and Lamborghinis around,” Zhu explained. “This kind of smearing of us, I feel, is just from a classic playbook of, you know, when this stuff happens, when funds blow up, then you know, these are kind of the headlines that people like to play.”
Guys, always be careful with where you hold and trade your crypto. Don't take any chances of being scammed.
They had a lot of time to think while they were on the run 😂
Glad they 3AC are at least talking to people now, It's really important the industry learns from the defi experience. Leveraged liquidations creating a death spiral has gotten out of control and needs some investor parameters.
Glad to get some $ddx at super low price around $0.7 when 3ac liquidated out of $ddx last month. That's brutal at first but also offered good opportunity to buy at low.
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It’s criminal. Point blank. Worst than selling drugs or murder. Investors are literally bleeding dieing of a slow death while these PUT of a Thief are living in regret IN there UNITED ARAB EMIRATES Penthouse
They have to work on it a lot
Yes, there is definitely something to discuss. Difficult times in the crypto market.
These guys who lose investors money need to be made an example of and instead of protecting them immediately placed in jail.
Luego del colapso de Thrree arrow capital , los cofundadores decidieron salir a hablar , alegando que se escondieron por amenazas de muerte . peru Criptomonedas bitcoin btc
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