Zhu Su: DCG suffered huge losses last year due to the bankruptcy of Three Arrows and conspired with FTX to attack Luna and stETH

ChainCatcher news, Three Arrows Capital co-founder Zhu Su tweeted that, based on a rough estimate of the situation with DCG, "DCG conspired with FTX to attack Luna and stETH, achieving considerable success, but they suffered heavy losses during our bankruptcy last summer, as well as with Babel and other companies involved in GBTC. At that time, they could have calmly restructured, but instead, they magically filled this hole through redeemable promissory notes that 'transferred from left hand to right hand.' They misled the market for several months like FTX, using various methods to attack us, and no one asked how Genesis filled the gap. Meanwhile, they spent six months absorbing more deposits while being insolvent, hoping for a market rebound. FTX creditors also have significant cases regarding fraudulent transfers of capital from Alameda to Genesis. Most OGs are well aware of how close Barry and SBF have been from the beginning (SBF was involved with Genesis, and they provided him with his first FTT-backed loan). In any case, Genesis creditors will push for bankruptcy in the coming days and recover the remaining DCG assets. They may demand that Barry repay his cash in a straightforward manner, rather than waiting for penalties from the Department of Justice's criminal case." (source link)