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TechFlow news — Zhu Su, former founder of Three Arrows Capital, posted that when SBF discussed why market hedging didn't work, it's now clear he sold and shorted all BTC and ETH assets held by customers, swapping them into SOL and FTT. This isn't just a crime against customers; it's a crime against cryptocurrency itself—he internalized billions worth of value that customers bought into his own "shitcoins."Original link
Former Three Arrows Capital founder Zhu Su posted, stating that when SBF talked about why market hedges didn't work, it's now clear he sold and shorted all BTC and ETH assets held by clients, swapping them into SOL and FTT. This isn't just a crime against customers—it's a crime against cryptocurrency itself. He internalized billions of dollars in value from currency purchased by customers into his own "shitcoins."
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