Three Arrows Capital (3AC) co-founder Su Zhu accused Digital Currency Group (DCG) and FTX of attacking LUNA and stETH, causing 3AC and other companies to collapse.
Zhu also said that DCG manufactured a revocable promissory note that magically filled a hole in its balance sheet.
In essence, Zhu said that DCG and FTX used the collapse of 3AC to raise more money for their funds, while being insolvent but hoping to grow the market.
Today, Genesis, a subsidiary of DCG, is on the verge of bankruptcy.
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