TechFlow news — Three Arrows Capital co-founder Kyle Davies posted that he was deeply shocked by the series of events following the LUNA collapse in May. He now understands that FTX/Alameda hunted Three Arrows' positions during the incident, ultimately leading to the loss of all funds belonging to itself and its LPs/creditors.
Kyle Davies added that he believed LUNA/UST was an unprecedented project, and Three Arrows was attracted by the quality of its sponsors, founders, and team. While they indeed did not spend enough time investigating its mechanisms, they never expected to be targeted by a mainstream exchange like FTX. The LUNA incident taught him never to blindly trust again.Original link
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