Biggest Bitcoin Fund Behind the Wave of Bankruptcies That Started With LUNA? Shocking Accusations From Famous Name!

Cryptocurrency stock market Gemini founder Barry Silbert, founder of Digital Currency Group (DCG)He had written a letter to Barry Silbert also gave an answer.

While both parties find themselves right, it is one of the crypto money platforms that went bankrupt in 2022. Zhu Su, founder of Threee Arrows Capital (3AC), He made a comment on DCG.

Stating that DCG is responsible for bankruptcies in the crypto sector in 2022, 3AC founder Terra (Luna) He blamed DCG, claiming that DCG, the parent company of Grayscale Investments and Genesis Trading, was behind the collapse.

Making a long post on his Twitter account, Zhu Su said that DCG’s FTX by joining forces with LUNA and STETHHe claimed to have conspired for the downfall of .

Stating that 3AC went bankrupt after the collapse of the Terra network, Zhu Su stated that DCG and FTX also suffered significant losses.

Saying that DCG, which suffered a loss when 3AC went bankrupt, could quietly restructure, but DCG did not, the 3AC founder argued that DCG instead misled customers like FTX.

According to Zhu Su, DCG tried to fill the financial vacuum created by misguided behavior.

“They plotted with FTX to attack Luna and steth, and they made quite a bit of money doing it.

In addition to our bankruptcy, they took significant losses from Babel and other companies included in GBTC. Then they could be calmly reconstructed.

But they didn’t. instead, they produced a left pocket right pocket callable promissory note that magically filled the hole. It’s like a kid losing at poker and saying, “I’m fine, Daddy will give you money, let me keep playing.”

FTX’s bankruptcy caused a major liquidity crisis for DCG’s subsidiary Genesis, but Zhu Su terraHe claimed that at the time of the collapse of Genesis, Genesis was already in distress.

Saying that DCG, like FTX, used various methods to attack 3AC, Zhu Su argued that DCG and FTX used 3AC’s bankruptcy as an opportunity to “mislead” the crypto community for months.

Accusing Genesis of fraud, Zhu Su stated that Genesis received deposits for six months after Terra’s collapse.

“DCG has a value of 0 and they are scamming. Most OGs are well aware of how close Barry and SBF were from the start.”

Thinking that Genesis will likely go bankrupt in the coming days, Zhu Su said creditors are likely waiting for Barry Silbert to facilitate cash withdrawals rather than waiting for a DoJ criminal case.

Here’s rough summary of dcg situation

1) they conspired w FTX to attack Luna and steth and made a fair bit doing so

2) they took substantial losses in the summer from our bankruptcy as well as Babel, and other firms involved in gbtc

3) they could’ve calmly restructured then

— Zhu Su 🔺 (@zhusu) January 3, 2023