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Do Kwon and Zhu Su went to war with SBF Twitter, both naming the group as the culprit

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Three bigwigs, once worth close to $100 billion, quarreled

Terra founder Do Kwon published a long article in the New York Times yesterday accusing Alameda of being the initiator of the short selling of UST. Earlier today, SanArrow Capital Affiliate Zhu Su also "vindicated" himself in a post on social media, reiterating that SBF was behind the collapse of SanArrow. BlockBeats summarized the allegations as follows:

Do Kwon

"I think it's time Genesis Trading said something about whether they gave $1 billion UST to SBF or Alameda shortly before [LUNA and UST] collapsed, Purchased from LFG due to "interest in participating in the Terra Defi ecosystem" (not to provide bullets for an attack on UST anchors).

Another question:

Alameda borrowed 9 figure BTCS from Voyager on depeg day and borrowed more (10 figure) from other big institutions at the same time. People need to know what you are doing with all these BTCS.

Short BTC to block LFG reserves?

It is well known at this point that the sharp monetary tightening experienced by UST in February 2021 was caused by Alameda, who sold 500 million UST in minutes to drain the pool on the Curve during the MIM crisis.

What is done in secret will come to light."

Zhu Su

"Some people ask me why Do Kwon and I came back after the FTX crash. We've been around forever. Do Kwon has been working on Luna classic and luna2. It's just not convenient for me to say, and my advisers have advised me not to, lest people think I'm "distorting the truth" or "dumping the blame."

In August, when several articles were pulled by the publisher, the bc editor said he feared reprisals or losing an interview with the SBF. So not only is no one reporting these facts, but SBF is constantly being touted as the jpmorgan Chase or Vanderbilt of the crypto world.

The crypto community and the media kept the SBF disguise going for a while, and the pain [caused by the FTX crash] has since created an opportunity for our redemption. Life is like the wind, you can't wrap fire in paper, and everyone deserves to know the truth."

SBF

In response, Zhu Su said, "I made a lot of mistakes this year, but not what you said. You have no proof, because what you said never happened. Please pay more attention to your own problem."

ZhuSu then retweeted SBF's response, saying: "Are you sure? After all you claim not to know what happened in Alameda. It's OK, we can let the Justice Ministry decide."

The New York Times, citing people familiar with the matter, reported on Dec. 7 U.S. prosecutors in Manhattan have opened an investigation into whether former FTX CEO Sam Bankman-Fried and his hedge fund Alameda Research used market manipulation to cause the collapse of TerraUSD and LUNA in May, This led to a domino effect, which led to the collapse of FTX. (Full Story: SBF or LUNA Behind the Crash?)

But some sources suggest that Do Kwon himself was to blame for the UST crash.

Mr Zhu Su has been very active in the aftermath of the FTX crash, constantly sharing on Twitter his feud with FTX and Alameda going back years, and last month posted chat logs from 2019 that showed his suspicions about Alameda going back years.

If anything, these feuds will always remain a mystery, and transparency like blockchain won't prove everything.

So far, SBF has not issued any response to Do Kwon's remarks. BlockBeats will continue to follow the story.