Fund that partially caused the crash of the cryptocurrency market back in May reveals new facts about its relationship with FTX
Zhu Su, the man behind the Three Arrows Capital fund, revealed in his most recent Twitter thread his fund's relationship with the prominent cryptocurrency exchange. The most interesting part is FTX's role in the fund's performance.
Reportedly, FTX HK employee Clement has been leaking 3AC's position on the market and other details to"many people" throughout the year. Technically, by leaking the information of one of the biggest funds in the industry, it becomes easier to liquidate most of its positions, causing a significant plunge in their performance.
We were all playing poker against the house, while they looked at our cards, and used our money to bet against us
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX Founder Secretly Moved Funds Through Backdoor: FTX InsiderFTX insider has reportedly stated that recent FTX 'hack' was illegal withdrawal of funds from FTX to Alameda Research
Read more »
FTX founder Sam Bankman-Fried’s downfall sends shockwaves through crypto worldThe stunning collapse of his nascent empire has sent tsunami-like waves through the cryptocurrency industry, which has seen a fair share of volatility and turmoil this year.
Read more »
Bahamian police interviewed FTX founder Sam Bankman-FriedFTX founder Sam Bankman-Fried was reportedly interviewed by police in the Bahamas this weekend as investigations into the company's downfall intensify
Read more »
The Crypto-Ignorant Person's Guide To What’s Going On With FTX And Founder Sam Bankman-FriedHere’s a rundown of everything you need to know about FTX’s colossal implosion.
Read more »
Disgraced Crypto Mogul Puts $40 Million Bahamas Penthouse on MarketSam Bankman-Fried has placed his Bahamas penthouse on the market, reported Semafor. The asking price for the 12,000-square-foot residence is reportedly $40M—pennies compared to the billions that the alleged wunderkind lost during his company’s meltdown.
Read more »