Zhu Su: Once questioned Alameda's high-interest lending, large VC investments ultimately led to its acceptance of FTX

ChainCatcher news, Three Arrows Capital co-founder Zhu Su stated on his social platform that he questioned Alameda's practice of borrowing $200 million at a 15% interest rate in January 2019, calling it "a risk-free high return," but was criticized by FTX executives Ryan Salame and Zane Tackett.

Subsequently, Zhu Su, along with executives from QCP, Amber, and Coinflex, provided evidence to The Block, but the latter did not report on it.

It is reported that Zhu Su indicated that due to the impact of the 2021 exit policies from OKX and Huobi, Three Arrows Capital had to switch trading platforms. During this period, Zhu Su noticed that FTX had already received investments from large venture capital firms and believed they must have conducted thorough due diligence, thinking that FTX's operating conditions might have changed, and thus decided to accept FTX as the trading platform for Three Arrows Capital.

According to previous reports from ChainCatcher, Zhu Su stated that over the past year, Clement (founder of Genesis Block Ventures) leaked details about Three Arrows Capital's positions and account details to many people during his time at FTX HK. (Source link)