As liquidity points encompass the Digital Currency Group (DCG), Three Arrows Capital (3AC) founder Su Zhu made a Twitter thread containing allegations against DCG and FTX. However, the founder instantly bought called out by the crypto community for blaming others and never taking accountability.
In the thread, Zhu alleged that DCG had a task in the collapse of LUNA, now called Terra Classic (LUNC). Zhu claimed that the enterprise capital agency conspired with the FTX trade to assault LUNC and made a revenue by doing so. The 3AC founder additionally stated that as a substitute of restructuring from losses as a result of the 3AC chapter, DCG “magically stuffed the gap.”
Despite Zhu’s efforts to demonize DCG and FTX, the community believes that he ought to deal with his personal misdeeds.
So it was everybody else’s fault and you’re taking no private duty in any respect in your actions?
— DeFi Alex (@swaggyAlexyo) January 3, 2023
The Daily Gwei host and Ether bull Anthony Sassano additionally called out Zhu on Twitter. Sassano employed sarcasm, saying that everybody was behind the 3AC collapse apart from Zhu and co-founder Kyle Davis. “They are completely harmless events who had been merely pressured to be on the shedding facet of extremely worthwhile buying and selling methods,” he wrote.
Meanwhile, the 3AC chapter course of faces difficulties as its founders could also be situated in Indonesia and the United Arab Emirates, the place it could be troublesome to implement court docket orders. Lawyers who characterize liquidators have claimed that the 3AC founders have did not coordinate with liquidators in the previous few months regardless of agreeing to a communications protocol.
Related: 3AC subpoenas issued as dispute grows over claims of Terraform dump
On Dec. 2, the authorized workforce for liquidators additionally called out the 3AC founders for speaking to the media and being energetic on social media whereas failing to interact with them. The authorized workforce claimed that the founders solely had restricted discussions with liquidators and incessantly modified jurisdictions.