Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report

The duo described the collapse as"regrettable," but denied claims they pulled money from the fund before its collapse, according to the report.

The collapse of Three Arrows, also known as 3AC, was seemingly triggered by the fall of the Terra ecosystem and sent ripples in the crypto market. Investors are claiming the defunct fund still owes them $2.8 billion. On Monday, arevealed the extent of the hedge fund's debt following the implosion, with individual claims worth over $1 billion.

The founders declined to say where they were, but one of the lawyers on the call said their ultimate destination is the United Arab Emirates , the report added. “Given that we had planned to move the business to Dubai, we have to go there soon to assess whether we move there as originally planned or if the future holds something different for us,” Zhu added.

In the report, Zhu said the reason for the fund's collapse was placing leveraged trades with hope that the crypto market would rebound to the upside. He compared 3AC's implosion to that of Celsius Network, a crypto lending firm that

Sam04667585 Oh, I wish I could make $30 in 4 hours too! It's tough being a small twitter account. But hey, let's keep pushing and spreading positivity together. positivevibesonly smalltwitteraccountstruggles

Sure, sure.

Look to move to jail jailtime

I openly laughed at this part in the Bloomberg article 🤣 The boat “was bought over a year ago and commissioned to be built and to be used in Europe,” Zhu said, adding the yacht “has a full money trail.” He rejected the perception that he enjoyed an extravagant lifestyle

lie

Teach these people how to grow their crypto assets. Tell them the market is really profitable as it goes up or comes down. There are very good strategies which can get one on profit both ways but very few people know about these strategies. Feel free to send a dm

These same thin eyed guys rugged the space confidently. Kwon also...

Two guys took hundreds of millions dollars....sent to secret wallets for their family May be use Tornado

Coordinated

This only proves cefi does not work. Only DEFI

These guys fleeced 33 different companies, convincing them to give them huge loans based on them lying about how much capital that they had. Truly awful guys.

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Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the 'Whole Situation Is Regrettable' – Bitcoin NewsFor the first time since the company’s collapse, the two co-founders of the crypto hedge fund 3AC discussed the firm’s financial woes. 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 These guys who lose investors money need to be made an example of and instead of protecting them immediately placed in jail. Yes, there is definitely something to discuss. Difficult times in the crypto market.
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Coinbase Confirms 'No Financing Exposure' to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital – Exchanges Bitcoin NewsCoinbase says it “had no financing exposure” to bankrupt crypto firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). cryptocurrency bitcoin Double up your coins 👉🌏 MATICSHOW20 The craziest airdrop is live now! 👉 MATICSHOW7 Don't miss 👉 MATICSHOW12
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