Su Zhu Gets Called Out by the Community As He Fires Off Accusations Against DCG
As liquidity issues surround 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 immediately got called out by the crypto community for blaming others and not taking accountability.
3AC Co-Founder Su Zhu Alleges DCG and FTX Conspired to Attack LUNA and stETH
Su Zhu, a co-founder of the bankrupt fallen hedge fund Three Arrows Capital, launched a tirade on Twitter over the Terra collapse. Zhu blamed the Digital Currency Group and FTX for working together to attack Terra’s LUNA token and stETH. The latter incident cascaded into 3AC becoming insolvent.
3AC Founder Says DCG and FTX Conspired for Terra Collapse, Calls Criminal Fraud
Last year witnessed some of the most dramatic collapses in the history of crypto. It all started with the first collapse of Terra’s (LUNA) ecosystem in May 2022 which eroded $40 billion of investors’ wealth in a week’s time.
3AC Co-Founder Kyle Davies Shares His Crypto Predictions for 2023
On Monday (26 December 2022), Kyle Davies, Co-Founder of failed Singapore-based cryptocurrency hedge fund Three Arrows Capital (aka “3AC”), shared his crypto predictions for 2023.
Failed Hedge Fund Three Arrows Capital Estimated Assets at $1 Billion in July
Three Arrows Capital (3AC), the now-bankrupt crypto hedge fund, estimated its assets at around $1 billion as of July, according to a document obtained by The Block.
Three Arrows Capital Co-Founder Says It Wasn’t Luna That Took It Out, but FTX
It wasn’t the collapse of the cryptocurrency luna that ultimately caused the downfall of Three Arrows Capital, according to 3AC co-founder Kyle Davies. Instead, it was the firm’s final position being liquidated on FTX.
3AC Co-founders Su Zhu, Kyle Davies Subpoenaed in Bankruptcy Case
A federal bankruptcy judge has approved the issuance of subpoenas to the co-founders of the collapsed hedge fund – Three Arrows Capital (3AC) – Su Zhu and Kyle Davies.
Judge Signs Off on Subpoenas to 3AC’s Su Zhu and Kyle Davies
A federal bankruptcy judge approved subpoenas for the founders of Three Arrows Capital, a Singapore-based crypto hedge fund that went belly up earlier this year.
Three Arrows Capital Liquidators Begin Taking Control of Failed Hedge Fund’s Assets
Teneo, the advisory firm overseeing the liquidation of crypto hedge fund Three Arrows Capital (3AC), has taken control of some of its assets, according to a presentation deck obtained by The Block.
3AC Bankruptcy Process Faces Challenges Amid Unknown Whereabouts of Founders
Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to subpoena the now-bankrupt crypto hedge fund's founders through Twitter, according to a decision from judge Martin Glenn during a virtual hearing for the Southern District of New York Bankruptcy Court on Dec. 2.
