Allegations of Kyle Davies Attempting to Secure Entire Treasury by LayerZero's CEO

Friday, 22 March 2024, 07:36

In a recent revelation, LayerZero's CEO Pellegrino accuses 3AC's Kyle Davies of enticing the company to commit its entire treasury with higher rates right before the collapse. This development sheds light on questionable financial practices and potential motives behind the events.

LivaRava Finance Meta Image — Allegations of Kyle Davies Attempting to Secure Entire Treasury by LayerZero's CEO

Allegations of Attempted Treasury Acquisition

LayerZero's Pellegrino claimed that Davies offered higher rates to lure his company to commit its entire treasury to 3AC days before collapse.

Questionable Financial Practices

LayerZero's Pellegrino claimed that Davies offered higher rates to lure his company to commit its entire treasury to 3AC days before collapse.

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.