FTX’ SBF responds over attack allegations on TerraUSD, Tether & 3AC

Three Arrow Capital (3AC) co-founder talked about many things about the negative roles of FTX founder Sam Bankman-Fried (SBF). 

On 9 December, Zhu Su, co-founder of bankrupt crypto company 3AC, took to Twitter to explain many things that happened suddenly in the crypto sector, just after the collapse of FTX exchange. 

Zhu targeted bankrupt crypto exchange FTX founder SBF and claimed that he was hunting 3AC but no one in the media reported about this because they were not willing to lose access to SBF.

Alongside these allegations, the 3AC co-founder also said that FTX founder was also responsible for the collapse of the Terra project, in which TerraUSD & Luna coin collapsed badly. Before FTX’s bankruptcy, Zhu never alleged that SBF was responsible for the Terra collapse but after bankruptcy many times he claimed that it was SBF.

Because of the collapse of TerraUSD stablecoin, 3AC lost approximately $200 million worth of funds, which resulted in the downfall of the 3AC ecosystem. 

Just two days back, SBF responded to these allegations and said that he was not behind such a downfall and also said that he made big mistakes but he never hunted any crypto company.

Recently Binance CEO Changpeng Zhao shared some of his important Signal group messages, which were related to FTX founder SBF. 

In the shared messages, Zhao accused SBF that he was trying to manipulate the price of USDT stablecoin. 

On these allegations, SBF said that the pegged value behind USDT can’t easily face downfall because the trade size was not much big. He also said that neither FTX nor Alameda Research tried to manipulate the price of USDT or any other stablecoin.

Read also: US Sen. Says cryptocurrencies “not been able to pass the smell test for me”