Cryptory.net - The recent arrest of Su Zhu, co-founder of Three Arrows Capital, in Singapore on Friday is another instance of the significant downfall experienced by once-successful crypto founders globally.
Cryptory.net - After filing for bankruptcy in July 2022, crypto hedge fund Three Arrows Capital seems to have returned to the crypto market under the new name “3AC Ventures”.
Su Zhu and Kyle Davies, 2 founders of the collapsed crypto hedge fund Three Arrows Capital (3AC), are looking to raise $25 million to start a new crypto exchange.
Terra, Three Arrows Capital, and consecutive collapses of crypto institutions have dyed the market red throughout Q2. Although gradually rebounded in July, overall, the crypto space could not fully recover soon.
Cryptocurrency lending network Celsius announced the loss of $1.2 billion was the reason for its bankruptcy and also disclosed its affiliation with other firms.