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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 inauspicious questions.
Zhu Su took Twitter right now 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 came back right after FTX went down, is it just to deflect from your own issues?”
I replied Do Kwon has been constructing on Luna traditional + luna2 actually repeatedly and hasn’t taken greater than per week Twitter break
— Zhu Su 🔺 (@zhusu) December 9, 2022
Su claimed that “at the time, my own advisors didn’t want me to say it (the truth) because it might have bad optics and be perceived as a deflection.”
After a while SBF answered the publish.In which he denied the implications however admitted to a variety of errors.
I made a whole lot of huge errors this yr.
But this wasn’t one among them. There’s no 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 referred to as Sam Bankman-Fried a psychopath
The cryptocurrency government has returned to Twitter to share his newest ideas on the FTX crisis and collapse. In a thread posted on Tuesday, he addresses 5 totally different “narratives” that he claims are “wrong.”
He made it clear what, in his opinion, led to FTX’s demise, charged that former Alameda Research 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 wants to be the savior of crypto.”
Crypto doesn’t want saving. Crypto is ok. It’s the great thing about decentralization. We are simply a part of it. We wish to assist different good tasks which may be in a money crunch due to latest occasions. It’s in our collective greatest curiosity.
— CZ 🔶 Binance (@cz_binance) December 6, 2022
Similar claims have been made final month by Zhu. In which he argued that within the common market downturn, cryptocurrency is the “only stable thing.” Zhu is unrelentingly optimistic about the way forward for cryptocurrencies. However, he is filled 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 new CEO of FTX, John Ray, testified earlier than the chapter courtroom.
“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
However, in accordance with Zhu, Caroline Ellison of Alameda is definitely accountable for the FTT value decline. It was as a consequence of a tweet that she made on November 6. In which she was providing to “happily” buy all of CZ’s FTT for $22 per token.
Also Read: Shark Tank Kevin O’Leary Make A U Turn On FTX And SBF
The offered content material might 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 on your private monetary loss.
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