Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Rumors Are True: Founder of Failed Cryptocurrency Company Launches Altcoin – The Community Is Highly Skeptical

Rumors Are True: Founder of Failed Cryptocurrency Company Launches Altcoin – The Community Is Highly Skeptical

BitcoinsistemiBitcoinsistemi2024/09/28 15:36
By:Mete Demiralp

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.

Related News Analytics Company Claims Market “Entered FOMO Level”, Shares Expectations for Bitcoin

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.

Rumors Are True: Founder of Failed Cryptocurrency Company Launches Altcoin – The Community Is Highly Skeptical image 0 Rumors Are True: Founder of Failed Cryptocurrency Company Launches Altcoin – The Community Is Highly Skeptical image 1 3AC price performance after listing on Gateio.

*This is not investment advice.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump Media Enters Fintech With Truth.Fi, Stock Jumps 15%

Trump Media and Technology Group (TMTG) is making a big move into crypto financial services

Altcoinbuzz2025/01/30 19:44

Forcount Promoter Sentenced to 2 Years for Crypto Fraud

Other notable names from the Forcount saga, such as Juan Tacuri and Nestor Nuñez, both bagged 20 years and 4 years, respectively.

Altcoinbuzz2025/01/30 19:44

Utah Bill Advances for State to Purchase Crypto

The bill states that the treasury can only purchase crypto assets that meet certain criteria.

Altcoinbuzz2025/01/30 19:44