Explained: The Tai Ping Shan dispute between Arthur Hayes and 3AC
BitMEX co-founder Arthur Hayes wants his money back from Kyle Davies and Su Zhu. But where are the funds: Tai Ping Shan, 3AC, or OPNX?
Cryptocurrency news by Protos · Protos
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Show Notes
BitMEX co-founder Arthur Hayes is upset with Three Arrows Capital founders Su Zhu and Kyle Davies over rumors that the duo recently raised funds for their new exchange OPNX from Bahrain’s Sovereign Wealth Fund and were trading through Tai Ping Shan, also known as TPS Capital.
Using profanity on Twitter, Hayes said he wants his money back immediately. This implyies that he — and many wealthy crypto investors — lost money in the 3AC bankruptcy. Collections in that bankruptcy case have been delayed for months.
Listen to the article to learn about the opaque relationship between Three Arrows Capital and Tai Ping Shan Capital.
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