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The CEO of Three Arrows Capital Talks About the Collapse of Luna: I Believe in the Luna Community and Will Do My Best to Help

By WebsCryptoMay 13, 20221 Min Read
The CEO of Three Arrows Capital Talks About the Collapse of Luna: I Believe in the Luna Community and Will Do My Best to Help
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Three Arrows CEO Zhu Su tweeted: “Some people have asked me why I still put LUNA on my Twitter bio. It’s because I’ve invested in it and believe in its community, that we have a common goal. Critics pointed out that Attack on LUNA and subsequent de-anchoring risk. Admittedly the fast growing ecosystem should have done more to develop in a slow + safe manner. It’s been an incredibly humiliating week and it’s hard to find the right words Describe. I had a lot of discussions with Hasu last night, including about whether to record an episode on algorithmic stablecoins, which I thought we might do to give some longer-term ideas.”

He continued: “Critics’ concerns about the risk of de-anchoring are real, but we also have to have a ‘move on’ discussion, it’s just that ‘FUD’ is a no-go, growth has to be organic, even if it’s going to be slower . This is Terra’s DAO hack moment, and I’m not going to pretend to know what the future holds, but I’m going to do what I can to help them.”

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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