Terra Researcher: Zhu Su Has Returned to Singapore to Handle Legal Matters, 3AC Expects Net Debt of $1.6B

Jun 24,2022
KingData News: Terra researcher FatMan twitted: "Su Zhu is now back in Singapore working with a law firm specializing in white collar crime. " FatMan speculates that 3AC may have broken the law in the forced liquidation process (8 Blocks Capital previously accused 3AC of misappropriating at least $1 million of its funds). In addition, FatMan expects that the majority of 3AC's current assets are illiquid equity investments in Deribit and Starkware.Its total assets are estimated at $400 million and its liabilities at $2 billion, resulting in net assets of approximately $1.6 billion in liabilities.
On June 13, Zhu Su, co-founder of Three Arrows Capital, has removed ETH, AVAX, LUNA, SOL, NEAR, MINA and other Tokens from his Twitter profile. On June 15, sources revealed that the total liquidation amount of Three Arrows Capital on Deribit, BlockFi and other lending platforms was up to $400 million. This indicator provides a real-time tracking of news reports on Three Arrows Capital's liquidity crisis.
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