The leaders of the two cryptocurrency projects that lost the most money tweeted about each other

The co-founder of the bankrupt cryptocurrency platform Three Arows Capital, Zhu Su, urged users to invest in the Terra stablecoin — this became known thanks to a published file with all the «interesting» deleted tweets and screenshots of personal correspondence proving the involvement of the 3AC founders in the company’s bankruptcy.

As it became known, on May 3, 2022, Zhu Su published a post on his Twitter account urging users to take out loans using BTC as collateral and invest in the «famous» UST stablecoin to get 20% profit. 7 days later, right after the information about the Terra stablecoin collapse, Zhu Su deleted this tweet.

Interestingly, after that, the 3AC co-founder called the UST collapse a «temporary problem» — all users who had followed Zhu Su’s advice and invested their own funds in the UST stablecoin lost all their money and obviously had no way to repay their loans.

On June 18, Kwon, TerraForm Labs, and the financial backers of LUNA and UST (including Three Arrows Capital) were charged with promoting unregistered securities and misleading investors by promising guaranteed profits. Currently, the whereabouts of the founders of 3AC remain unknown, but the liquidators have been authorized to subpoena Kyle Davis and Zhu Su (who recently filed a lawsuit against his own company seeking to recover $ 5 million in lost profits).