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“I Wonder”: CZ Speculates on FTX’s Possible Role in LUNA Collapse


by Ikemefula Aruogu
for CoinEdition
FTX, 3AC, and LUNA: CZ Raises Questions After $1.53B Claim
  • Changpeng Zhao is puzzled about FTX’s potential role in the LUNA/UST collapse.
  • 3AC has upgraded its claims against FTX from $120M to $1.53B.
  • The court ruled that 3AC’s claim amendment is in order.

After Three Arrows Capital (3AC) accused FTX of wrongfully liquidating $1.53 billion in assets, Binance co-founder Changpeng Zhao has now questioned FTX’s role in the 2022 LUNA/UST crash. 

Binance co-founder Changpeng Zhao (CZ) weighed in, expressing curiosity about the LUNA/UST crash and its potential connection to FTX and 3AC, given their close relationship.

The former Binance CEO stated this after learning that the judge allowed Three Arrows Capital (3AC) to increase its claim against the bankrupt crypto exchange – from $120 million to a significant $1.53 billion.

Related: 3AC’s Su Zhu Speaks Out: FTX Crash Could Have Been Avoided

The ruling came after 3AC claimed FTX liquidated $1.53 bill…

The post “I Wonder”: CZ Speculates on FTX’s Possible Role in LUNA Collapse appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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“I Wonder”: CZ Speculates on FTX’s Possible Role in LUNA Collapse


by Ikemefula Aruogu
for CoinEdition
FTX, 3AC, and LUNA: CZ Raises Questions After $1.53B Claim
  • Changpeng Zhao is puzzled about FTX’s potential role in the LUNA/UST collapse.
  • 3AC has upgraded its claims against FTX from $120M to $1.53B.
  • The court ruled that 3AC’s claim amendment is in order.

After Three Arrows Capital (3AC) accused FTX of wrongfully liquidating $1.53 billion in assets, Binance co-founder Changpeng Zhao has now questioned FTX’s role in the 2022 LUNA/UST crash. 

Binance co-founder Changpeng Zhao (CZ) weighed in, expressing curiosity about the LUNA/UST crash and its potential connection to FTX and 3AC, given their close relationship.

The former Binance CEO stated this after learning that the judge allowed Three Arrows Capital (3AC) to increase its claim against the bankrupt crypto exchange – from $120 million to a significant $1.53 billion.

Related: 3AC’s Su Zhu Speaks Out: FTX Crash Could Have Been Avoided

The ruling came after 3AC claimed FTX liquidated $1.53 bill…

The post “I Wonder”: CZ Speculates on FTX’s Possible Role in LUNA Collapse appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Chinese Creditors Challenge $1.4B Exclusion from FTX Bankruptcy Claims

Chinese Creditors Challenge $1.4B Exclusion from FTX Bankruptcy Claims

A group of Chinese creditors is fighting back against their exclusion from the FTX ba...
Ethereum Restarts its Journey to $4,000, These Signals Validate a Strong Bullish Outlook

Ethereum Restarts its Journey to $4,000, These Signals Validate a Strong Bullish Outlook

The first quarter of the year kicked off on an interesting note for Ethereum (ETH), w...