As liquidity problems surround the Digital Currency Group (DCG), Three Arrows Capital (3AC) founder Su Zhu made a Twitter thread containing accusations against DCG and FTX. However, the crypto community immediately called out the founder for blaming others and not taking responsibility.
In the thread, Zhu alleged that DCG had a role in the collapse of LUNA, now called Terra Classic (LUNC). Zhu claimed that the venture capital firm conspired with the FTX exchange to attack LUNC and made a profit doing so. The 3AC founder also said that instead of restructuring the losses due to 3AC's bankruptcy, DCG โmagically filled the holeโ.
Despite Zhu's efforts to demonize DCG and FTX, the community believes that he should focus on his own misdeeds.
So it was everyone else's fault and you take no personal responsibility for your actions?
โ DeFi Alex (@swaggyAlexyo) January 3, 2023
Daily Gwei anchor and Ether bull Anthony Sassano also called out Zhu on Twitter. Sassano employee sarcasm, saying that everyone was behind 3AC's collapse except Zhu and co-founder Kyle Davis. โThey are totally innocent parties who were simply forced to be on the losing end of highly profitable trading strategies,โ he wrote.
Meanwhile, the 3AC bankruptcy process faces difficulties as its founders may be located in Indonesia and the United Arab Emirates, where it can be difficult to enforce court orders. Lawyers representing the liquidators have claimed that the 3AC founders have failed to coordinate with the liquidators in recent months despite agreeing to a communications protocol.
Related: 3AC Summons Issued as Terraform Landfill Claim Dispute Grows
On December 2, the legal team of liquidators also called the founders of 3AC for speaking to the media and being active on social media without being able to interact with them. The legal team claimed that the founders had only limited conversations with the liquidators and changed jurisdiction frequently.
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