Three Arrows Capital co-founder Su Zhu spoke about the Terra crisis.
Three Arrows Capital co-founder Su Zhu apologized to followers he encouraged to take UST. Zhu also said that the incident was Terra’s “DAO Hack” moment.
As for critics of me personally such as @NTmoney and others, I accept it all
Im sorry
In a diff life where I wasnt invested in it, I wouldve been far more likely to be cautious (as I had been on esd/dsd and ohm). Going fwd being able to separate analysis from bags is my focus
— Zhu Su 🔺 (@zhusu) May 13, 2022
While the cryptocurrency community is trying to deal with the LUNA and UST crisis, another statement is Su Zhu, who is known for his support of the protocol. came from Zhu acknowledged that something went wrong and all the criticisms made about him. Zhu also apologized for encouraging his followers to use UST. He said he needed to be more careful and would do his best to help.
“Terra’s DAO Hack Moment”
Zhu also talked about Terra and compared the protocol’s experiences to Ethereum’s “DAO Hack” . In 2016, the first DAO attempt on Ethereum resulted in a $50 million attack. Following the attack, the chain now known as Ethereum broke away from the original chain. The original chain is known as Ethereum Classic.
Terra network has been stopped twice since yesterday; The team continues to look for ways to bring the network back to life.
