Crypto HacksCrypto LoanCryptocurrencyCryptocurrency FundCryptocurrency TrendsNewsTerra (LUNA)Terra Classic (LUNC)

3AC Founder Accuses FTX And DCG Of Conspiring Towards Terra Luna Collapse

Three Arrows Capital (3AC) founder Su Zhu has thrown accusations on FTX and Digital Currency Group (DCG) of conspiring to put 3AC in its current predicament, and also orchestrating the Luna crash.

Terra Luna Crash Affecting 3AC

With a slew of hacks, collapses, and insolvencies to name just a few, last year was the most traumatic year for the cryptocurrency industry.

With the Terra Luna Crash in May 2022, a string of terrible crashes began to emerge. Within a week of it occurring, this crash alone wiped out investors’ investments worth $40 Billion and threw the crypto industry into chaos.

One of the world’s largest cryptocurrency hedge funds, Three Arrows Capital, was also impacted by this crash. Su Zhu, the founder, has publicly accused Digital Currency Group of being responsible for Terra Luna’s demise.

Su Zhu accused FTX and Digital Currency Group of working together to bring down Terra Luna in a tweet he made on Twitter.
Due to 3AC’s insolvency following the Terra Luna catastrophe, several companies affiliated with 3AC also experienced a liquidity crunch.

📰 Also read:  Bitcoin Surges By About 3% Following Debt Ceiling Agreement

According to the founder of 3AC, DCG could have cooperated and helped during their liquidity problem, but instead, DCG departed the scene and provided no assistance.

DCG is presently dealing with a problem of its own. The co-founder of Gemini, Cameron Winklevoss, called out DCG on January 2nd for owing Genesis Global Capital a debt of $1.7 billion, however DCG denied all accusations.

Genesis Global experienced a liquidity crisis when FTX collapsed, but many believe Genesis had been dealing with these issues since the Terra Luna disaster in May.

Su Zhu Throws Conspiracy Accusations


Su Zhu is convinced that the founders of DCG and FTX used the failure of Terra Luna and 3AC as an opening to deceive the crypto community with false information for months.

Su Zhu went on to reveal information on both corporations. He claimed that the DCG value is zero and attacked FTX creditors, saying that they have a case for fraudulent acts on Alameda capital returns to the lending firm Genesis Global.

It is particularly conceivable that Genesis Global could go bankrupt in the coming months, and creditors are reportedly relying on DCG founder, Barry Silbert to aid them in withdrawing their funds in the simplest way possible out of the lending firm.

📰 Also read:  Texas Passes New Bill to Use Green Energy for Bitcoin mining

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Price Analysis June 1 - BTC, ADA, ETH, BNB, DOGE, MATIC, and XRP


Jimmy Kelly

Jimmy is one of the news journalists for Tokenhell. He is a big crypto enthusiast and bought his first crypto token way back in 2015! Jimmy publishes updates about crypto tokens, events, price analysis and regulation among many other subjects.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Skip to content