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CryptoIntelligence 2024-03-25 18:44:56

LayerZero CEO Accuses Three Arrows Capital Co-Founder of Deceptive Loan Requests

LayerZero CEO Accuses Three Arrows Capital Co-Founder of Deceptive Loan Requests

In a startling revelation, Bryan Pellegrino, the co-founder and CEO of LayerZero, has publicly accused Kyle Davies, co-founder of the now-collapsed Three Arrows Capital (3AC), of attempting to sway his company into transferring its entire treasury to 3AC shortly before its liquidation. Pellegrino made these claims in a response to Davies’ comments on a podcast, via an X post. According to Pellegrino, Davies sought to secure LayerZero’s treasury by “promising better rates than other borrowers as a last-gasp effort,” showcasing a desperate move ahead of 3AC’s financial turmoil. The accusations surfaced after Davies, on the Unchained YouTube interview podcast, refrained

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