Su Zhu’s cryptic statement as rumors swirl of 3AC liquidations and insolvency

Su Zhu’s cryptic statement as rumors swirl of 3AC liquidations and insolvency


Su Zhu, the co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC) has put out a cryptic statement on Twitter in response to swirling rumors that the company is battling against insolvency.

Online chatter about 3AC being unable to meet a margin call began after 3AC started moving assets around this week to top up funds on DeFi platforms such as AAVE to avoid potential liquidations amid the tanking price of Ether (ETH) this week. There are unconfirmed reports that 3AC faced liquidations totaling hundreds of millions from multiple positions.

DeFi-banking platform Celsius has also been frantically shoring up positions to avoid liquidations too. Celsius funds account for a significant proportion of the Total Value Locked in various platforms in the DeFi ecosystem, while

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