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Cardano Ecosystem

The Defiant

07/12/2022

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3AC Ghosts Everyone, Celsius Fights Back

Kyle Davies and Zhu Su, the founders of 3 Arrows Capital appear to be ghosting the lawyers involved in their liquidation proceedings. According to a Coindesk article court documents filed on friday indicate that the pair had ‘not yet...

3AC Ghosts Everyone, Celsius Fights Back
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3AC Ghosts Everyone Celsius Fights Back

Kyle Davies and Zhu Su, the founders of 3 Arrows Capital appear to be ghosting the lawyers involved in their liquidation proceedings. According to a Coindesk article court documents filed on friday indicate that the pair had ‘not yet begun to cooperate with the process in any meaningful manner’. They had appeared on a Zoom call, but with the video off and their Singapore office is apparently abandoned. We also cover Celsius and its moves to unlock collateral in Compound and Aave, and speaking of Aave, there’s a new stablecoin proposal for $GHO. What’s it all about? In this episode.

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