3AC Founder Claims FTX And DCG Committed Frauds With Clients’ Funds

FTX and DCG committed umpteen frauds, says Zhu Su

January 3, 2023 Story: Jai Pratap

3AC founder Zhu Su took to Twitter to blame the Digital Currency Group and FTX for working together to attack Terra’s LUNA token and stETH.

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3AC became insolvent after Terra collapsed earlier last year.

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He also accused DCG and FTX of engaging in misdirection and using various methods to attack the hedge fund.

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Earlier, Genesis founder Cameron Winklevoss tweeted an open letter to Silbert, criticizing him for bad tactics.

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Zhu Su further claimed that the damage from yield generator fund blow ups could have been contained by restructuring.

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Instead, FTX and DCG committed umpteen frauds to risk client funds rather than dilute, 3AC founder added.

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Genesis execution traders conspired with SBF to nuke the UST curvepools and shorted Luna to make 9 figs, Zhu Su alleged.

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