“We saw that in the space with people who were thought to be trusted players,” Nichols said. “Three Arrows Capital was a darling of the hedge fund space … though we saw things happening that were cause for question, a lot of people chose to ignore them. So if you did due diligence and took a responsible approach, you could have seen the issues bubbling up – but because prices were going up, people wanted in.”
Crypto Failures Fueled Better Due Diligence
