LayerZero CEO: Three Arrows Capital co-founder Kyle Davies attempted to offer higher interest rates to acquire all funds from LayerZero just days before the fund's collapse

ChainCatcher news, according to The Block, LayerZero CEO Bryan Pellegrino stated on social media that Three Arrows Capital co-founder Kyle Davies attempted to persuade LayerZero to invest all of its financial resources into the soon-to-be-defunct hedge fund just days before its collapse.

Kyle Davies offered higher interest rates to encourage LayerZero to invest all its funds into 3AC just days before the fund's collapse.

Previously, on March 20, Kyle Davies, co-founder of the now-closed crypto hedge fund Three Arrows Capital, stated that he does not regret losing billions of dollars of investor funds and plans to do everything possible to avoid prison.

Davies reiterated yesterday his lack of remorse over the collapse of Three Arrows Capital and insisted that despite facing significant backlash on social media for past misconduct, his professional reputation remains intact.