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    HomeAltcoin3AC's Zhu Su Hits Out At SBF Over Media Control

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

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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 energetic 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 put up.By which he denied the implications however admitted to a variety of errors.

     

    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 completely different “narratives” that he claims are “unsuitable.”

    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.

     

    Comparable claims have been made final month by Zhu. By which he argued that within the common market downturn, cryptocurrency is the “solely steady factor.” Zhu is unrelentingly optimistic about the way forward for cryptocurrencies. Nevertheless, 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 at present ongoing. The brand new CEO of FTX, John Ray, testified earlier than the chapter courtroom.

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

    Nevertheless, in response to Zhu, Caroline Ellison of Alameda is definitely guilty for the FTT worth decline. It was because of a tweet that she made on November 6. By which 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 Turn 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 truth slightly than an opinion. CoinGape writers and reporters contributed to this text.

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





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