The collapse of Sanjian was due to the malicious liquidation of positions on FTX🚀

Kyle Davies, co-founder of Three Arrows Capital, said that the collapse of LUNA and UST and the negative premium of Grayscale Fund were not the real reasons for the collapse of Three Arrows Capital. Although affected by the above two events at that time, Three Arrows Capital still maintained operations. , the real reason for its collapse was that FTX and Alameda shared the liquidation level of Sanjian Capital positions, and deliberately manipulated the price to cause their positions to be liquidated, leading to the final collapse.