The co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC) says that FTX employees have admitted that the collapsed exchange was hunting down the firm’s positions.
In a new interview on CNBC’s Squawk Box, Kyle Davies says that FTX and its trading arm Alameda Research were able to collaborate in ways that wouldn’t be permissible in other industries.
He also claims that FTX employees have bragged about tracking down and liquidating 3AC’s positions.
“FTX and Alameda are two different separate firms. FTX is an exchange, Alameda is a trading firm. They have similar ownership, it’s coming out that they shared information and that they sat in the same room.
I’ve got recent employees of FTX which are bragging about hunting and liquidating our