Three Arrows Capital Files For Bankruptcy, Co-Founder Sells His House

Three Arrows Capital Files For Bankruptcy In New York

According to the Bloomberg report, crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York.

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3AC, counted among top crypto finance players, at one point had $10 billion in assets.

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Su Zhu, co-founder of beleaguered digital assets fund, is selling his mansion in Singapore amid the ongoing company’s liquidation.

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Zhu and his wife Tao Yaqiong bought the house in Singapore back in December 2021 for $35 million.

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Earlier this week, British Virgin Island ordered 3AC to liquidate.

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Liquidation of 3AC has caused trouble for plenty of other crypto companies.

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BlockFi revealed that it had lost around $80 million from its dealings with 3AC.

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