Former Binance CEO Changpeng Zhao hinted at intriguing insights regarding potential links between FTX, Three Arrows Capital, and the Terra (LUNA) crash of 2022. Though he refrained from direct accusations, his comments sparked new speculation about the events that rocked the crypto market.
Did FTX Play a Role in the LUNA Collapse?
CZ responded to a post by FTX creditor @Mbottjer, indicating that 3AC recently unveiled proof that FTX liquidated $1.53 billion worth of assets just two weeks before 3AC's collapse. This claim, acknowledged by a judge, adds another layer to the complex failures within the crypto industry.
Was it Planned?
Crypto analyst MartyParty stated that he had previously provided on-chain evidence of Celsius and FTX withdrawing substantial amounts of UST from the liquidity pool at a critical moment. According to him, both firms executed $200 million UST withdrawals, triggering the stablecoin’s depeg and ultimately leading to the LUNA meltdown.
CZ’s Book: Cautions and Prospects
A user on X suggested turning the entire FTX story into a documentary series, to which CZ responded that he considered this connection while writing his book. However, he made it clear that he found no hard evidence, stating that he saw rumors but never found concrete proof.
CZ's book is expected to shed light on key industry events from his perspective. Whether it will contain major revelations or remain a personal reflection remains unknown, but anticipation is growing.
