- He began a string in which he shoots down 5 distinctive “narratives” as being inaccurate.
- Zhu clarified what he believed created FTX to fall short.
3 Arrows Funding (3AC) crypto bush fund founder Zhu Su is fighting previous FTX Chief Executive Officer Sam Bankman-Fried for purportedly controling the media and also preventing hard concerns.
Zhu Su turned to Twitter today to clarify on why he has actually been a lot more energetic on social networks given that the FTX catastrophe. He claims he’s been “hunted down” since he offered a meeting to Bloomberg in July. He likewise indicated that the SBF had an impact on the media.
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Su asserted 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 rejecting the reasonings, SBF did recognize making numerous blunders in his feedback to the message, which he made after some delay. On Tuesday, he began a string in which he shoots down 5 distinctive “narratives” as being inaccurate.
He clarified what he believed created FTX to fall short, claiming that previous Alameda Research Chief Executive Officer Caroline Ellison was in charge of ruining the worth of FTX’s token, FTT, and also stating his case that Sam Bankman-Fried was a “psychopath” that was never ever an enemy.
In the previous month, Zhu made comparable assertions. Wherein he specified that cryptocurrency is the “only stable thing” in a down market, Zhu continues to be unflinching in his positive outlook for the future of electronic money. He holds Sam Bankman-Fried and also the dissolved FTX in the worst contempt.
Sam Bankman-Fried (SBF) tipped down as chief executive officer of FTX after the firm declared insolvency on November 11. There is currently an examination right into whether the company messed up customer funds.
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