3AC co-founder claims DCG and FTX conspired to attack LUNA and stETH

3AC co-founder

Su Zhu, co-founder of Three Arrows Capital (3AC), has accused Digital Currency Group (DCG) and FTX of conspiring to attack LUNA and stETH and engaging in misdirection.

Zhu’s allegations follow the bankruptcy of 3AC and the stETH depeg incident, which saw the Lido-offered token trade below ETH’s price, raising concerns about cascading effects.

Three users of cryptocurrency exchange Gemini have also filed a request for class-action arbitration against DCG and Genesis Global Capital in response to Gemini halting its Earn program after Genesis froze withdrawals.

In response, DCG founder Barry Silbert denied any missed payments and claimed that DCG had made a proposal on 29 December but had not received a response.

Liquidators have filed a $30 million claim for a super yacht as part of the ongoing investigation into 3AC.


Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.