Su Zhu Attempts to Take SBF Down after FTX’s Falls

Su Zhu, co-founder of crypto hedge-fund Three Arrows Capital, continued to attack Sam Bankman-Fried and linked The Block CEO’s resignation with the former FTX CEO. Zhu Su tweeted that The Block was always wholly owned and maintained control over the news editor. He also said that Larry Cermak (Vice President of The Block) has a lot funds on FTX. He tweets often about trading news and listing on the trading platform but never mentions the crash. According to reports, The Block CEO quit for not disclosing $43 million loan he received from Alameda Research. He believes that The Block will get rid Michael McCaffrey. SBF will also be able to develop and research more effectively. The Block’s news director Frank Chaparro was also sponsored by FTX. However, he believes that Frank is a good person and that the Block will get rid of Michael McCaffrey and SBF. The community concluded that Su Zhu was overfishing in murky waters. The creditor’s attorney stated that the two founders of 3AC Su Zhu, Kyle Davies, and FTX had previously accused Sam, FTX, and Alameda of secretly liquidating their positions. This led to the current collapse at 3AC. However, during the court hearing, the attorney for the creditor accused the two founders of not cooperating with them to collect the debt and stated that the cause of the crypto hedge fund’s collapse was if above is “ridiculous”.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: FTXMichael McCaffreySam Bankman-Friedthe blockZhu Su