THELOGICALINDIAN - Three Arrows Capital cofounders Su Zhu and Kyle Davies bankrupt their blackout afterward their firms defalcation in an account with Bloomberg today Arthur Hayes has back advised in to booty shots at the brace
“Didn’t apprehend the whitepaper tisk tisk tisk,” Hayes said of 3AC’s losses on Terra’s LUNA token.
Arthur Hayes Slams 3AC
One of crypto’s best admired pranksters has accursed arrows in Three Arrows Capital’s direction.
Arthur Hayes has advised in on the 3AC adventure afterwards the broke barrier fund’s co-founders Su Zhu and Kyle Davies broke their silence in a Bloomberg account today.
“This commodity is so amazing I don’t alike apperceive area to begin,” the BitMEX co-founder said on Twitter Friday with an accompanying articulation to the Bloomberg piece. He again accent several excerpts of the affection that arise to badinage Zhu and Davies. “Common y’all. Su ain’t flashy, he rides his bike to assignment and to the berth area his superyacht is moored,” he wrote alongside a screenshot of Zhu abnegation that he leads an absurd lifestyle. “ONLY 2 homes, brah you beeline slumming it in the Kampong aka Tanglin.”
Highlighting a adduce in which Zhu said that 3AC “failed to apprehend that Luna was able of falling to able aught in a amount of days,” Hayes took shots at the firm’s poor due activity practices. “Didn’t apprehend the whitepaper tisk tisk tisk,” he wrote. In acknowledgment to Zhu’s affirmation that the 3AC crisis recalled the collapse of the acceptable accounts barrier armamentarium Long-Term Capital Management, Hayes already afresh criticized Zhu and Davies over their responses to Bloomberg. “While this ability be the #crypto adaptation of LTCM, the founders of said barrier armamentarium never gave an account absolutely like this,” he said. Hayes angled out his aggression by apery an declared adduce that’s been attributed to Zhu in the fallout from the 3AC collapse: “When you owe the lender 1 $BTC it’s your problem, back you owe the lender 10,000 $BTC it’s their problem.”
While 3AC has landed in hot baptize and faced allegations that it evaded liquidators in contempo weeks, Hayes himself doesn’t accept the cleanest almanac in the space. In May, he was sentenced to two years acquittal and six months abode arrest over BitMEX’s abortion to anticipate money laundering. Like 3AC, Hayes has additionally become article of a band amount in the crypto arena over the years, partly acknowledgment to his adventurous amount predictions for assets like Bitcoin and Ethereum. He memorably said that Bitcoin could hit $1 actor in three to bristles years in an April Average post and angled bottomward on his ambition beforehand this month, arguing that axial bankers would acquaint crop ambit ascendancy measures and account a alleged “Doom Loop” in which authorization currencies collapse and crypto thrives.
Disclosure: At the time of writing, the columnist of this allotment endemic ETH and several added cryptocurrencies.
