🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
Zhu Su Cannon SBF: FTX "should pay more" for stealing Three Arrows assets and should be jailed for 250 years without amnesty
Three Arrows Capital co-founder Zhu Su today disgruntled FTX founder SBF, alleging that FTX illegally sold Three Arrows Capital's $1.53 billion assets to pay off FTX debts, eventually leading to Three Arrows Capital's bankruptcy, SBF should not be amnestied, and should be sentenced to 250 years in prison. (Synopsis: SBF's latest prison interview: I give the Republican Party as much money, and the Democratic Party can't save it; Bragging daddy Diddy is "very good" to me) (Background supplement: The court ruled that FTX expanded compensation to Three Arrows Capital by more than $1.5 billion, and Zu Shu will take a huge amount of equity in SOL and AI companies to become a big winner? Three Arrows Capital was once one of the most important hedge funds in the cryptocurrency space, managing billions of dollars in assets at its peak, but in June 2022, Three Arrows Capital appealed for bankruptcy protection and liquidation due to its thunder, overleveraged and insolvency. With the bankruptcy of 3AC, the $1.14 billion assets of 3AC founders Zhu Su, Kyle Davies and their wives were frozen by the BVI courts, and Zhu Su and Kyle Davies were each sentenced to four months in prison (Zhu Su was released from prison and Kyle Davies left Singapore and has not yet served his sentence). After a lengthy legal battle in which Three Arrows Capital initially filed a US$120 million claim against FTX in June 2023 and subsequently expanded to include allegations of breach of contract, unjust enrichment, breach of fiduciary duty, etc., the U.S. Bankruptcy Court recently ruled that Three Arrows Capital could expand its claim against FTX's bankruptcy assets to US$1.53 billion. Court documents show that as of June 12, 2022, 3AC held $1.53 billion in assets in FTX, but over the next two days, those assets were used to pay off FTX's $1.5 billion debt. The FTX liquidation team originally sought to prevent the expansion of the claim, believing that the timing was improper and lacked legal basis, but the court ultimately found that 3AC was entitled to make additional requests alleging that FTX itself had delayed in providing financial records, which affected 3AC's investigation. Zhu Su should be sentenced to 250 years in prison It is worth noting that to this day, Zhu Su still seems to be obsessed with FTX. FTX creditor MBottjer tweeted today that 3AC asked the bankruptcy court to allow its claim against FTX to increase from $120 million to $1.53 billion because, according to 3AC's statement to the court, 3AC recently discovered evidence that FTX liquidated about $1.53 billion of its own assets two weeks before 3AC entered liquidation proceedings, far more than originally claimed $120 million. MBottjer mentioned that 3AC said the agency could not have learned of the situation earlier because FTX itself was bankrupt and had key information, and 3AC did not have enough details until after the official claim deadline passed. 3) Missing info: 3AC argued it couldn’t figure this out sooner because FTX was in its own bankruptcy and had key data. 3AC claims it didn’t get enough details until after the official claim deadline passed. — MBottjer (@Mbottjer) March 13, 2025 In response, Zhu Su responded that FTX did illegally sell Three Arrows Capital's $1.53 billion worth of assets in May 2022 and convert them into US dollars, and these assets were not lent to FTX, and FTX had no right to liquidate, angrily stating that he had been sentenced to 25 years in prison for SBF Jail timer: Don't pardon the SBF, which is punishable by 250 years in prison. Yeah they basically sold huge % of the coins we had on FTX into dollars, in May 2022. They had no right to, these were not "lent" to FTX. No pardon for sbf, lock him up 250 yrs. — Zhu Su (@zhusu) March 14, 2025 In fact, Zhu Su has long been dissatisfied with SBF, he once opened the gun in December 2022 after the FTX thunderstorm, accusing SBF of being behind the collapse of 3AC, when SBF flatly denied it, and said that there was no evidence to prove it, and Zhu Su replied that the US Department of Justice would find out the truth. How would you know? Thought you claimed you arent aware of what happens at Alameda? Its OK we can let DoJ decide — Zhu Su (@zhusu) December 9, 2022 Related Stories SBF wants to get out of jail crazy! Ask Trump for amnesty, turn his face and scold "persecuted by the Democratic Party" praise Republican rationality Bloomberg: SBF parents actively lobbied Trump for amnesty! Can SBF escape 25 years of heavy sentence? SBF will soon be pardoned by Biden? Musk: Very likely, FTT once pulled up 20% (Zhu Su opened the gun SBF: FTX stole Three Arrows assets "should pay more", should be jailed for 250 years to ban amnesty" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".