The feud between Bryan Pellegrino and Kyle Davies has taken a new turn, with Pellegrino accusing Davies of attempting to secure LayerZero’s treasury for 3AC just days before its collapse. Davies, on the other hand, defends his actions and investment philosophy despite the backlash and financial turmoil resulting from 3AC’s bankruptcy.
The aftermath of 3AC’s downfall includes legal challenges, with subpoenas issued and arrests made. The attempt by Davies and Su Zhu to make a comeback with the Open Exchange platform has also faced scrutiny from regulators.
As the saga continues to unfold, the crypto community is closely watching the consequences of one of the industry’s most dramatic collapses. Stay tuned for more updates on this developing story.
