Rumors Are True: Founder of Failed Cryptocurrency Company Launches Altcoin – The Community Is Highly Skeptical
Su Zhu, founder of the bankrupt cryptocurrency company 3AC, has now launched an altcoin after establishing an exchange.
Su Zhu, founder of Three Arrows Capital, one of the companies that went bankrupt after the chain reaction that followed the bankruptcy of cryptocurrency exchange FTX, has launched an altcoin that is a memecoin.
Promotional posts were published for the altcoin called Three Arrowz Capital (3AC) from Su Zhu's official X account. In addition, his own exchange OX and in addition to this, MEXC and Gateio exchanges decided to list this memecoin.
However, Su Zhu is currently on the run and has not been prosecuted for alleged crimes stemming from his collapsed company Three Arrows Capital. Similarly, Alex Mashinsky, the CEO of then-bankrupt Celsius, is currently in prison in the US.
The 3AC altcoin in question is viewed with skepticism by the cryptocurrency community due to its launch by Su Zhu and being a memecoin.
At the time of writing, the token has been trading on Gateio for around 25 minutes and has shown a 14% decline so far.
3AC price performance after listing on Gateio.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How Solana accomplished one of Web3’s most remarkable recoveries
Ethereum To See Worst Q1 In History, Will ETH Price Drop Under $2,000?
A whale who shorted ETH 50 times has made a profit of more than $78 million
The market expects the US to further cut interest rates by 76 basis points in 2025
Trending news
MoreCrypto prices
More
