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Former BitMEX CEO Criticizes Relaunch of 3AC Fund After Previous Losses on Crypto Market

June 22 (Cointime) - Former BitMEX CEO Arthur Hayes has publicly criticized Kyle Davis for relaunching the 3AC fund, which previously suffered significant losses due to the cryptocurrency market's broad declines. The fund was adversely affected by sweeping losses across the crypto industry in the first half of 2022, and certain investments like LUNA collapsed to near zero.

Despite the fund's past issues, Davis announced the relaunch of 3AC and a new partnership with OPNX to invest in projects building towards a decentralized future within the OPNX ecosystem. Hayes criticized Davis' decision, implying that the relaunch was inconsiderate given the fund's previous failures.

BitMEX Arthur Hayes
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