Cryptographer Nick Bougalis strongly criticized the most recent cryptocurrency challenge by Su Zhu and Kyle Davis, the co-founders of failed cryptocurrency hedge fund Three Arrows Capital.   

Ripple’s former lead engineer accused Zhu and Davies of making an attempt to “steal more cash” with their newest enterprise.

“On the one hand, I can’t say I’m stunned: scammers gonna rip-off. However alternatively, that is to date past insane that there’s no phrase for it,” he added.

Bougalis went on to opine that “the hubris and conceitedness” of the disgraced 3AC founders know “no bounds.” 

The co-founders of the defunct cryptocurrency hedge fund, which went belly-up final yr following the collapse of Terra, teamed up with CoinFLEX co-founders Mark Lamb and Sudhu Arumugam so as to safe $25 million for the brand new GTX change. 

The brand new challenge is meant to make it simpler for the collectors of failed cryptocurrency exchanges, reminiscent of FTX, to get their fingers on their funds.