{"id":41263,"date":"2022-11-28T05:47:18","date_gmt":"2022-11-28T09:47:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=41263"},"modified":"2022-11-28T05:47:20","modified_gmt":"2022-11-28T09:47:20","slug":"3ac-co-founder-reveals-return-plans-post-ftx-fall","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/3ac-co-founder-reveals-return-plans-post-ftx-fall\/","title":{"rendered":"3AC co-founder reveals return plans post-FTX fall"},"content":{"rendered":"\n
Su Zhu, a co-founder of Three Arrows Capital<\/a> (3AC), seems to be making a return to the crypto space amid the controversy surrounding FTX fall and Sam Bankman-Fried.<\/h5>\n\n\n\n
\"3AC
3AC co-founder reveals return plans post-FTX fall<\/figcaption><\/figure>\n\n\n\n

Su Zhu returned to Twitter on November 9 after being dark for many months, the day after FTX admitted it was experiencing a “liquidity constraint.”<\/p>\n\n\n\n

Zhu has kept up her Twitter posting throughout the FTX debacle, tweeting disguised criticism of Sam Bankman-Fried<\/a> and his management of FTX while also providing wise counsel via poetic analogies.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/zhusu\/status\/1590510212120989696\n<\/div><\/figure>\n\n\n\n

A “long-form video podcast series” on “life, belief systems, and mental health” will be released with a colleague and friend called “Cliff,” according to Zhu's most recent tweet from November 27.<\/p>\n\n\n\n

Zhu also mentions Allah in the tweet, which some people see as a hint that he has converted to Islam.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/zhusu\/status\/1596966104806887424\n<\/div><\/figure>\n\n\n\n

Zhu recently made a suggestion about starting a new trading company in an interview with Bloomberg on November 22. He said that it would be an “all-weather fund” that invests in both conventional financial assets and cryptocurrencies<\/a> and is designed to perform well in all market situations.<\/p>\n\n\n\n

Zhu's most recent quasi-announcement, however, has drawn more criticism than praise, with many comparing his conduct at 3AC to the ideas promoted by Islam.<\/p>\n\n\n\n

What does Allah say about interest-bearing loans, wondered blogger and creator of the nonfungible token (NFT) initiative Foobar?<\/p>\n\n\n\n

Another user brought up the fact that interest is “haram,” or prohibited, under Islamic law.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/zhusu\/status\/1596966108703363072\n<\/div><\/figure>\n\n\n\n

Following the demise of FTX, the community has seen a resurgence of alleged “crypto villains” on Twitter during the last several weeks.<\/p>\n\n\n\n

Kyle Davies, a second co-founder of Three Arrows Capital, just joined Twitter again after being dormant for many months, writing on November 13 that he had looked to have been painting and staring at grass for the last several months.<\/p>\n\n\n\n

On November 16, he even made an appearance on CNBC's Squawk Box show to claim Alameda had “hunched” holdings at 3AC.<\/p>\n\n\n\n

\n

My initial process was to spend my time searching and understanding. Less markets and screens, more grass and painting.

I will look to share my understanding to the extent it contributes to good and to light.

Yours Truly, Humbled and Gracious pic.twitter.com\/z7YFvQwiRd\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>— Kyle (@KyleLDavies) November 13, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

After FTX's demise, Alex Mashinsky, the creator of the insolvent loan platform Celsius Network, also made a comeback by participating in a number of Twitter Spaces during the last several weeks.<\/p>\n\n\n\n

On November 27, Mashinsky stated in a Twitter Space that he “loves the idea” of having FTX “pay for the hole” and urged followers to “make a lot of noise” in order to persuade bankruptcy attorneys for Celsius and its Committee of Unsecured Creditors<\/use><\/svg><\/span><\/a> to sue FTX in order to cover Celsius' cash deficit.<\/p>\n\n\n\n

\n

One of the more frustrating parts of the FTX collapse is that all of the previous villains are coming out of woodwork pretending like they are victims.

Reminder: we are in this mess because of @KyleLDavies<\/use><\/svg><\/span><\/a>, @zhusu<\/use><\/svg><\/span><\/a>, @stablekwon<\/use><\/svg><\/span><\/a>, @SBF_FTX<\/use><\/svg><\/span><\/a> (others too but remember these 4). https:\/\/t.co\/ltAd3SeA4H<\/use><\/svg><\/span><\/a><\/p>— Logarithmic Rex (@LogarithmicRex) November 24, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Mashinsky, Zhu, and Davies are said to owe creditors almost $6.3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Su Zhu, a co-founder of Three Arrows Capital (3AC), seems to be making a return to the crypto space amid the controversy surrounding FTX fall and Sam Bankman-Fried. Su Zhu returned to Twitter on November 9 after being dark for many months, the day after FTX admitted it was experiencing a “liquidity constraint.” Zhu has […]<\/p>\n","protected":false},"author":12,"featured_media":41266,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1709,778,12465,603,1708],"class_list":["post-41263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3ac","tag-ftx","tag-kyle-davies","tag-su-zhu","tag-three-arrows-capital"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-1168-1024x576-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/41263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=41263"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/41263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/41266"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=41263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=41263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=41263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}