Monday, November 28, 2022
 

Bankrupt 3AC CEO Zhu Su Appears Online after 5 Months of Silence

  • Zhu Su of Three Arrows Capital tweeted for the first time since July.
  • He wished peace be upon the bad actors who attacked his company.
  • The bankrupt firm owes $3.5 billion to 27 companies, as per court documents.

Zhu Su, the founder of the bankrupt crypto hedge fund firm, Three Arrows Capital (3AC), has broken the silence today, tweeting for the first time since five months after things went south for the company.

Su first recounted the pain he endured seeing his business collapse, losing its purpose in an emerging industry. He said it ‘was as difficult as the ensuing ostracization and demonization.’ 3AC’s CEO went further to express gratitude to those who supported them during the difficult times and those with skeptical judgment.

Interestingly, he wished peace be upon the bad actors who attacked Three Arrows Capital, making them scapegoats for the entire web3 industry.

However, the tech entrepreneur is still determining his next move. He contemplates living a quiet life in the woods or rebuilding his company with a new direction. 

Before Su’s reappearance in the crypto community, his bankrupt hedge business surprisingly received an in-flow of over $1 million worth of Ethereum (ETH) from the Chinese crypto exchange Okex last week.

The development raised eyebrows, especially as it moved 990 ETH to a new, empty Ethereum wallet after receiving the 658.9 ETH. The purpose of these recent activities remains to be determined. However, some crypto enthusiasts speculate that the bankrupt firm was attempting to re-distribute its significant assets among many wallets to complicate the retribution process.

Court records show that Three Arrows Capital is indebted to 27 businesses for a staggering $3.5 billion, including Blockchain.com, Voyager Digital, and lender Genesis Global Trading.

  • Zhu Su of Three Arrows Capital tweeted for the first time since July.
  • He wished peace be upon the bad actors who attacked his company.
  • The bankrupt firm owes $3.5 billion to 27 companies, as per court documents.

Zhu Su, the founder of the bankrupt crypto hedge fund firm, Three Arrows Capital (3AC), has broken the silence today, tweeting for the first time since five months after things went south for the company.

Su first recounted the pain he endured seeing his business collapse, losing its purpose in an emerging industry. He said it ‘was as difficult as the ensuing ostracization and demonization.’ 3AC’s CEO went further to express gratitude to those who supported them during the difficult times and those with skeptical judgment.

Interestingly, he wished peace be upon the bad actors who attacked Three Arrows Capital, making them scapegoats for the entire web3 industry.

However, the tech entrepreneur is still determining his next move. He contemplates living a quiet life in the woods or rebuilding his company with a new direction. 

Before Su’s reappearance in the crypto community, his bankrupt hedge business surprisingly received an in-flow of over $1 million worth of Ethereum (ETH) from the Chinese crypto exchange Okex last week.

The development raised eyebrows, especially as it moved 990 ETH to a new, empty Ethereum wallet after receiving the 658.9 ETH. The purpose of these recent activities remains to be determined. However, some crypto enthusiasts speculate that the bankrupt firm was attempting to re-distribute its significant assets among many wallets to complicate the retribution process.

Court records show that Three Arrows Capital is indebted to 27 businesses for a staggering $3.5 billion, including Blockchain.com, Voyager Digital, and lender Genesis Global Trading.

 

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