News

3AC’s Su Zhu Suddenly Speaks Out Amid FTX’s Crisis

The founder of Three Arrows Capital (3AC), Su Zhu suddenly spoke out amid the exploding liquidity crisis with FTX. After days of silence since the crypto hedge fund went bust, the founder of 3AC thanked the community for the support and wished peace to those who failed with 3AC.

On November 9, while FTX’s liquidity crisis was in full swing, suddenly a majestic line came from Su Zhu, the long-lost co-founder of the bankrupt crypto hedge fund Three Arrows Capital (3AC).

This comeback, he only shared about his current quiet life and thanked the community for their support and sympathy. Besides that, he also shared his feelings and panic about being the target of some in the crypto community.

Meanwhile Alameda Research is also said to have come to the brink of collapse like Three Arrows Capital and others in the second quarter of this year. It survives using 17.2 million FTTs guaranteed to issue after 4 months as collateral.

At the end of his sharing, Su Zhu was confused when he didn’t know what to choose between a quiet life or wanting to rebuild with new plans.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

Andy

Recent Posts

Bitbot’s Presale Passes $3M After AI Development Update

London, United Kingdom, May 2nd, 2024, ChainwireAI-powered Telegram trading bot, Bitbot, has surged past the…

2 hours ago

PayPal Cryptocurrency Purchases Now Enhanced Supported By MoonPay

The partnership aims to streamline PayPal cryptocurrency purchases, enhancing accessibility and security.

7 hours ago

BNP Paribas Buys BlackRock spot Bitcoin ETF Shares!

BNP Paribas, the continent's second-largest bank, has made a bold move by acquiring shares of…

7 hours ago

April Crypto VC Report: $1.02B Invested, Monad Labs Leads with $225M!

April witnessed a flurry of activity in the crypto VC space, with the release of…

7 hours ago

Hong Kong Spot ETFs Hit $8.75M, U.S. Bitcoin ETFs $78M

On May 2, the burgeoning market for cryptocurrency spot ETFs in Hong Kong witnessed a…

8 hours ago

Fed’s Powell Announces Rate Hike Pause, QT Slowing!

Federal Open Market Committee (FOMC) meeting, Chairman Jerome Powell delivered a message of monetary policy…

8 hours ago

This website uses cookies.