{"id":201903,"date":"2021-11-23T05:00:35","date_gmt":"2021-11-22T23:30:35","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=201903"},"modified":"2024-08-01T19:15:23","modified_gmt":"2024-08-01T13:45:23","slug":"always-grateful-three-arrows-capital-ceo-retracts-eth-abandonment-tweets","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/always-grateful-three-arrows-capital-ceo-retracts-eth-abandonment-tweets\/","title":{"rendered":"‘Always grateful’ – Three Arrows Capital CEO retracts ETH abandonment tweets"},"content":{"rendered":"

Hours after issuing scathing criticism against the Ethereum<\/a> network, Three Arrows Capital CEO Zhu Su has backtracked on his comments. He claimed that the previous post had been made in the “heat of the moment”. In a Twitter thread<\/a> posted hours after the original, Su apologized for the outburst and claimed that there are “great teams working on scaling ETH on L2”.<\/p>\n

The CEO went on a Twitter rampage<\/a> against Ethereum on 21 November, where he claimed to have abandoned Ethereum just as “Ethereum has abandoned its users despite supporting them in the past.”\u00a0 He also suggested that the network’s team suffered from the “Founder’s Dilemma”, which has made them forget the original goal of making finance accessible.<\/p>\n

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Reason why prev tweet has 4k likes in 1hr is bc users are livid that they're promised a vision of the future, then told that they have to pay $100-1k per tx to enjoy it, and then get told some tales about how they should've been smart enough to buy ETH at $10.<\/p>\n

— Zhu Su (@zhusu) November 21, 2021<\/a><\/p><\/blockquote>\n