3AC founder accuses FTX & DCG of instigating Terra's downfall
2022 was undoubtedly one of the most turbulent years in the history of crypto. A disastrous streak started by Terra ended with the downfall of Digital Currency Group or DCG. While these are separate entities, they were conjectured to have influenced each other. Similar theories followed suit. Now, the founder of the first company that toppled due to Terra’s collapse, 3AC’s Su Zhu has come up with his own theory. Genesis Trading, a DCG subsidiary, was severely affected by FTX ’s demise. Su Zhu accused DCG of working with FTX in the midst of the company’s dispute with cryptocurrency exchange Gemini. In a series of tweets, the 3AC co- founder suggested that DCG could have been responsible for Terra and Steth’s demise while on the run. Zhu further noted that both FTX and DCG made “a fair bit” by attacking Terra . Following this, DCG took a hit after 3AC’s bankruptcy as well as Babel’s plummet. Zhu said that DCG should have...