3AC’s Zhu Su Hits Out At SBF Over Media Control

Zhu Su, a co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital, is suing Sam Bankman-Fried for alleged media affect, management, and deflection of adverse questions.

Zhu Su took Twitter immediately to debate why he selected to be extra lively on social media after the FTX meltdown than earlier than. He claims he has been “hunted down” since his July interview with Bloomberg. He additionally claimed that the SBF had some form of media management.

Su claimed that “on the time, my very own advisors didn’t need me to say it (the reality) as a result of it might need dangerous optics and be perceived as a deflection.”

After a while SBF answered the publish.Wherein he denied the implications however admitted to a variety of errors.


Zhu Su known as Sam Bankman-Fried a psychopath

The cryptocurrency govt has returned to Twitter to share his newest ideas on the FTX disaster and collapse. In a thread posted on Tuesday, he addresses 5 completely different “narratives” that he claims are “mistaken.”

He made it clear what, in his opinion, led to FTX’s demise, charged that former Alameda Analysis CEO Caroline Ellison killed the worth of FTX’s token, FTT, and reiterated his assertion that Sam Bankman-Fried was a “psychopath”who was by no means a rival.


Related claims have been made final month by Zhu. Wherein he argued that within the basic market downturn, cryptocurrency is the “solely secure factor.” Zhu is unrelentingly optimistic about the way forward for cryptocurrencies. Nonetheless, he is stuffed with contempt for Sam Bankman-Fried and the now-defunct FTX.

FTX filed for chapter

After FTX filed for chapter on November eleventh, Sam Bankman-Fried (SBF) resigned as CEO. A probe into the corporate’s improper dealing with of buyer cash is presently ongoing. The brand new CEO of FTX, John Ray, testified earlier than the chapter court docket.

“By no means in my profession have I seen such an entire failure of company controls and such an entire absence of reliable monetary info as occurred right here.”

Nonetheless, in accordance with Zhu, Caroline Ellison of Alameda is definitely responsible for the FTT value decline. It was attributable to a tweet that she made on November 6. Wherein she was providing to “fortunately” buy all of CZ’s FTT for $22 per token.

Additionally Learn: Shark Tank Kevin O’Leary Make A U Flip On FTX And SBF

CoinGape contains an skilled workforce of native content material writers and editors working around the clock to cowl information globally and current information as a reality reasonably than an opinion. CoinGape writers and reporters contributed to this text.

The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button