San Jian Lian Chuang: During the LUNA incident, its positions were hunted by FTX/Alameda, resulting in the loss of all funds

ChainCatcher news, Three Arrows Capital co-founder Kyle Davies stated on his personal social media platform that he was extremely shocked by a series of events following the LUNA collapse in May of this year. He has now learned that it was FTX/Alameda that hunted down Three Arrows Capital's positions during that event, ultimately leading to the loss of all funds for himself and LP/creditors.

Kyle Davies further stated that he believes LUNA/UST was an unprecedented project, and Three Arrows Capital was attracted by the quality of its sponsors, founders, and team. They indeed did not invest enough time in due diligence on the mechanism, but Three Arrows also did not expect to be hunted down by a mainstream trading platform like FTX. The LUNA incident taught him the lesson of "never blindly trust." (source link)