The founder of The Block, Mike Dudas, has called out Three Arrows founder Su Zhu, labeling him a “coward” in light of recent news of his restraining order against Arthur Hayes, another co-founder of BitMEX trading platform. Dudas claims that Zhu allegedly betrayed his friends and investors in his fund by raiding the remaining Three Arrows Capital funds under false pretenses. He further expressed his disappointment in seeing Zhu attempt to play the victim, given the gravity of his alleged actions.
Dudas also called out Kyle Davies, the now-defunct crypto hedge fund co-founder, in his statement. According to an order dated May 5th, which CoinDesk has obtained, Su Zhu has secured a restraining order against Arthur Hayes from the Singapore court. The order specifically prohibits Hayes from using any language or communication that is threatening, abusive, or insulting towards Zhu.
This news comes after the collapse of the fund last year when the former CEO of BitMEX took to Twitter to engage with Su Zhu and Kyle Davies, his former partners at 3AC. Primarily, he has been requesting the repayment of $6 million that he claims is owed to him. The situation has escalated, leading to Zhu taking legal action against Hayes.
Dudas’s comments have sparked controversy in the crypto community, with some questioning his motives for publicly calling out Zhu. However, others have expressed support for Dudas, stating that he is simply holding Zhu accountable for his alleged actions.
Regardless of the opinions surrounding the situation, it is clear that tensions are high between the former partners, and legal action has been taken. It remains to be seen how this drama will unfold and what the outcome will be for all parties involved.
In the meantime, this news serves as a reminder of the importance of transparency and honesty in the world of crypto investments. Investors should always do their due diligence and research the individuals and companies they are entrusting with their funds. It is crucial to be aware of any red flags or warning signs that may indicate potential issues down the line.