Three Arrows Capital co-founder, Su Zhu, it looks like he could try to get back on track amid the fallout from the collapse of FTX and its former CEO, Sam Bankman-Fried, considered by some to be the new supervillain of the cryptocurrency industry.
After months of silence, Su Zhu took to Twitter again on November 9, the day after FTX revealed that it was suffering from a “liquidity crunch.”
As the FTX saga has unfolded, Zhu has continued to post on Twitter, offering sage advice through poetic metaphors.while tweeting veiled criticism of Sam Bankman-Fried and his management of FTX.
That being a better swimmer led to her death felt bizarre yet obvious
The better she could swim the more she underestimated nature, how the difference between people is like the difference between grains of sand, just as there is no mighty grain there is also no mighty person
— Zhu Su (@zhusu) November 10, 2022
The fact that being a better swimmer would lead to her death was strange, but obvious. The better she swam, the more she underestimated nature; how the difference between people is like the difference between grains of sand; just as there is no powerful grain, there is also no powerful person.
In his last Twitter thread of November 27, Zhu revealed his next steps: launching a “full-length video podcast series” discussing “life, belief systems, and mental health,” launching with a collaborator and friend named “Cliff.”
In the tweet, Zhu also refers to Allah, a sign some believe means he has converted to Islam.
Cliff and I will launch a longform video podcast series soon discussing life, belief systems, and mental health.
Allah does not charge a soul except that which is within its capacity.
— Zhu Su (@zhusu) November 27, 2022
Cliff and I will soon be launching a series of full-length video podcasts discussing life, belief systems, and mental health. Allah does not charge a soul more than what is within his ability.
Recently, Zhu also hinted at setting up a new trading company in an interview with Bloomberg on November 22; he said it could be an “all weather bottom” -made to have a reasonable return amidst all market conditions- that invests in traditional financial assets and cryptocurrencies.
Nevertheless, Zhu’s latest quasi-announcement has drawn more criticism than support, as many have drawn a contrast between his actions in 3AC and the ideologies presented in Islam.
The blogger and founder of the non-fungible tokens (NFT) project foobar se I ask “what does Allah say about loans with interest?”.
Another user pointed out that the interests are “haram”, that is, prohibited by Islamic law.
Su: “sorry brah can’t pay back the loan its not Sharia-compliant” pic.twitter.com/QsfJq7aDUL
— vechudnov (@chudnovglavniy) November 27, 2022
Su: “Sorry bro, I can’t repay the loan because it’s not Sharia compliant”
In recent weeks, the community has noted the return of so-called crypto villains to Twitter following the collapse of FTX.
Another Three Arrows Capital co-founder, Kyle Davies, recently reappeared on Twitter after months of silence; he posted on Twitter on November 13 that he had spent the last few months looking at the grass and painting.
He even appeared on CNBC’s Squawk Box on November 16 to plead that Alameda “hunted” the positions of 3AC.
My initial process was to spend my time searching and understanding. Less markets and screens, more grass and painting.
I will look to share my understanding to the extent it contributes to good and to light.
Yours Truly, Humbled and Gracious pic.twitter.com/z7YFvQwiRd
—Kyle Davies (@KyleLDavies) November 13, 2022
My initial process was to dedicate my time to search and understand. Less markets and screens, more grass and paint. I will seek to share my understanding to the extent that it contributes to goodness and light. Sincerely, with humility and grace
Alex Mashinsky, the founder of bankrupt lending platform Celsius Network, has also made a comeback after the fall of FTX: appeared in a series of Twitter Spaces in recent weeks.
In a Twitter Space on November 27, Mashinsky said that he “loves the idea” of getting FTX to “pay for the hole” and asked listeners to “make a lot of noise” and convince Celsius’ bankruptcy lawyers and his Committee of Unsecured Creditors to sue Celsius. FTX to pay Celsius’ cash shortfall.
One of the more frustrating parts of the FTX collapse is that all of the previous villains are coming out of woodwork pretending like they are victims.
Reminder: we are in this mess because of @KyleLDavies, @zhusu, @stablekwon, @SBF_FTX (others too but remember these 4). https://t.co/ltAd3SeA4H
—Haym (@SalomonCrypto) November 24, 2022
One of the most frustrating parts of the FTX collapse is that all of the previous villains are coming out in the open pretending to be victims.
Reminder: we are in this mess because of @KyleLDavies, @zhusu, @stablekwon, @SBF_FTX (others too, but remember these 4).
Mashinsky, Zhu and Davies are estimated to owe creditors about $6.3 billion.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Keep reading:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.