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.
Had a name yesterday w somebody who requested “how come you and Do Kwon got here again proper after FTX went down, is it simply to deflect from your individual points?”
I replied Do Kwon has been constructing on Luna traditional + luna2 actually repeatedly and hasn’t taken greater than every week Twitter break
— Zhu Su 🔺 (@zhusu) December 9, 2022
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.
I made loads of huge errors this 12 months.
However this wasn’t one in all them. There isn’t any proof, as a result of it did not occur. Please, please, focus by yourself home. https://t.co/tlcQu9zFdf
— SBF (@SBF_FTX) December 9, 2022
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.
1 “CZ desires to be the savior of crypto.”
Crypto doesn’t want saving. Crypto is ok. It’s the great thing about decentralization. We’re simply a part of it. We need to assist different good tasks that could be in a money crunch due to current occasions. It’s in our collective finest curiosity.
— CZ 🔶 Binance (@cz_binance) December 6, 2022
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.
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