Crypto-Fund Managers on the RUN!

[glitch]

In what’s probably a sign of things going terribly wrong, two former billionaire crypto hedge-fund managers have disappeared, spurring a worldwide manhunt to find them as the broader industry freezes up. The two traders, Su Zhu and Kyle Davies, are co-founders of Three Arrows Capital, the Singapore-based fund that had once boasted of having as much as $10 billion in assets — pretty much all of it in digital currencies, non-fungible tokens, and the like. The duo — who were both educated at Phillips Academy Andover and Columbia University and both worked for Credit Suisse — may be responsible for billions of dollars of losses the world over.

Source

A friend of mine was talking about this at work today. I just looked up the story.

It seems these two men may have cost people a lot of money and there is a good chance there are powerful individuals around the world gunning for them.

Is anyone familiar with Zhu or Davies? I can't say I have ever heard of them.

 

[Nomad]

One of the major risks associated with crypto currency is scam. Every year people lose millions of dollars because of crypto scams. FTX, once one of the biggest exchanges, was a scam. Tera Luna, a stable coin was a rug pull. Squid game tokens was a rug pull. These are just few examples that happened in the recent times.