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Crypto Fund Collapse: Unapologetic Co-founder Flees
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Overview
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Kyle Davies, co-founder of the bankrupt crypto hedge fund 3AC, shows no remorse for losing $3.5 billion in investor funds. The fund's collapse, attributed to losses from LUNA and Terra cryptocurrencies, led to Davies being on the run while hinting at future endeavors. Alongside partner Su Zhu, facing legal issues, the founders faced criticism for their cavalier attitude and OPNC's regulatory violations.
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How can regulatory bodies strengthen oversight to prevent similar fund collapses and violations in the future?
In what ways could the legal troubles faced by key industry figures reshape the landscape of the crypto market and influence investor behavior?
What impact might the irresponsibility of co-founders like Davies have on investor trust in the crypto sector?
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