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News Explorer — LayerZero CEO Accuses 3AC Co-Founder of Trying to Secure Treasury Allocation Days Before Collapse

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Mar 22, 7:39 am
The Block

LayerZero CEO Accuses 3AC Co-Founder of Trying to Secure Treasury Allocation Days Before Collapse

LayerZero Co-Founder and CEO Bryan Pellegrino alleges that Kyle Davies, co-founder of Three Arrows Capital, tried to convince LayerZero to allocate its entire treasury to the now-defunct hedge fund just days before it collapsed. Pellegrino claims that Davies promised better rates to LayerZero in a last-ditch effort. Davies, who has refused to apologize for the hedge fund's bankruptcy, did not respond to Pellegrino's allegations.

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