Su Zhu, the CEO of Three Arrows Capital, delivered a harsh tweet against Ethereum and its community.
He claims to have firmly abandoned the second-largest cryptocurrency due to its exclusive nature for newcomers, which he attributes to its discriminatory nature for newcomers.
Yes I have abandoned Ethereum despite supporting it in the past.
Yes Ethereum has abandoned its users despite supporting them in the past.
The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross.
— Zhu Su 🔺 (@zhusu) November 21, 2021
Zhu is dissatisfied with the expensive costs charged on the Ethereum blockchain, as well as with the refusal of some of the most powerful voices in the community to address the issue of excessive fees.
Zhu has also been retweeting several tweets that are negative of Ether throughout the course of the last 24 hours.
The FTX exchange was notified earlier today that an Ethereum address affiliated with Three Arrows Capital had submitted about $77 million worth of ETH to the exchange.
