"In addition to ignoring any attempts by the Company’s creditors to reach out to the Company, Zhu and Kyle Davies had also reportedly made a down-payment on a US$50 million yacht, with the yacht to be delivered sometime in the next two months in Italy," the filings say.
Vitalik Buterin, the co-founder of Ethereum, ribbed Zhu and Davies in June, saying on Twitter that there were "far more honorable ways to burn $50m to impress people than buying a superyacht."
Vitalik is spot on. Shame on 3AC.
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