Three Arrows Owes Polkadot Developer Moonbeam Foundation Over $27M, Court Documents Show

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The hedge fund, however, suffered massive losses following the Terra system’s implosion of its LUNA currency in mid-May and a market-wide decline in June, leading to its insolvency. Lawyers involved in the liquidation proceedings of Three Arrows Capital in the British Virgin Islands have stated Su Zhu and Kyle Davies, the hedge fund’s founders, have not been cooperating in the proceedings so far and their current location is unknown.

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