- He started a thread in which he refutes five distinct “narratives” as being incorrect.
- Zhu explained what he thought caused FTX to fail.
Three Arrows Capital (3AC) crypto hedge fund co-founder Zhu Su is battling former FTX CEO Sam Bankman-Fried for allegedly manipulating the media and avoiding tough questions.
Zhu Su resorted to Twitter today to elaborate on why he has been more active on social media since the FTX disaster. He says he’s been “hunted down” ever since he gave an interview to Bloomberg in July. He also implied that the SBF had an influence on the media.
Five Distinct Narratives
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.” While denying the inferences, SBF did acknowledge making many mistakes in his response to the post, which he made after some wait. On Tuesday, he started a thread in which he refutes five distinct “narratives” as being incorrect.
He explained what he thought caused FTX to fail, saying that former Alameda Research CEO Caroline Ellison was responsible for destroying the value of FTX’s token, FTT, and reiterating his claim that Sam Bankman-Fried was a “psychopath” who was never an adversary.
In the previous month, Zhu made similar assertions. Wherein he stated that cryptocurrency is the “only stable thing” in a down market, Zhu remains undaunted in his optimism for the future of digital currencies. But he holds Sam Bankman-Fried and the disbanded FTX in the worst disdain.
Sam Bankman-Fried (SBF) stepped down as CEO of FTX after the company filed for bankruptcy on November 11. There is now an investigation into whether or not the firm mishandled consumer funds.
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