3 Arrow Capital co-funder accuses SBF of causing the $LUNA/$UST collapse
In a seemingly strange bit of news, Su Zhu, co-funder of the now defunct investment firm 3 Arrow Capital, has started to make waves calling out SBF for causing the $LUNS/$UST collapse earlier this year.
Why and why now?
According to Su Zhu, SBF was out to get them, or to be more exact, “hunting” them.
I have firmly said we were hunted since my July Bloomberg interview. Go back and read it, -Su Zhu
He claims that he was more or less forced to be silent at the time of 3AC´s collapse due to the bad optics it would have caused at the time to point the finger at SBF. As well as it could be seen as deflecting, putting the blame for their failure on someone else.
SBF is currently under investigation for the alleged manipulation of markets for his own gains, relating to $LUNA and $UST.
But others have emerged pointing the finger at SBF for doing and trying to manipulate markets for his own gains. No one other than CZ, the Binance CEO, claimed that SBF tried to manipulate Tether to cause it to loos its peg to the dollar.
Trades of that size would not make a material impact on Tether’s pricing, and to my knowledge neither myself nor Alameda has ever attempted to intentionally depeg Tether or any other stablecoins, … I have made a number of mistakes over the past year but that is not one of them. -SBF
SBF, of course denies these rumors and allegations. And why wouldn’t he? But whether he did or he did not, I will leave it to others to decide. But it does add a lot of smoke to a situation that at the very least already is starting to block out the sky with smoke.
What do you think? Have SBF tried to or actually manipulated the markets as they accuse him of doing? Or is it just innuendo and circumstance? Please sound off in the comments section down below. If you would like to support me and the content I make, please consider following me, reading my other posts, or why not do both instead.
See you on the interwebs!
Picture provided by: fair use
