TechFlow news, Three Arrows Capital co-founder Kyle Davies told CNBC that FTX and Alameda colluded to bring down 3AC, saying, "FTX and Alameda coordinated stop-hunting as part of a targeted liquidation. As their largest client, 3AC was hunted down and our positions were liquidated."
CNBC said it received a statement from FTX founder Sam Bankman-Fried, who stated: "I'm shocked. 100% disagree... Their allegations are false."
Earlier on November 13, Three Arrows Capital co-founder Kyle Davies posted on his personal social media platform that the series of events following the LUNA collapse in May left him deeply shocked. He now understands that FTX/Alameda hunted 3AC's positions during that incident, ultimately leading to the loss of all funds belonging to itself and its LPs/creditors.Source link
