LayerZero CEO Alleges Kyle Davies' Treasury Acquisition Scheme Ahead of 3AC's Collapse
Friday, 22 March 2024, 07:36
LayerZero Alleges Attempt by 3AC's Kyle Davies to Secure Entire Treasury Before Collapse
LayerZero's Pellegrino claimed that Davies offered higher rates to lure his company to commit its entire treasury to 3AC days before collapse. The claims raise questions about the circumstances leading to the collapse and potential motives behind the offer.
Key Points:
- Higher Rates Offered: Allegations suggest an attempt to secure LayerZero's entire treasury with attractive rates.
- Timing of Offer: The offer was made just days prior to the collapse of 3AC, raising concerns about the intentions behind the proposal.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.