About eight months ago, I vouched pretty strongly for Su Zhu to be included in the prestigious Cointelegraph Top 100. My reasoning was pretty straightforward: Zhu was not only an influential figure on social media, but he ran arguably the most revered hedge fund in crypto — Three Arrows Capital, also known as 3AC. Then, the bear market of 2022 exposed 3AC as a house of cards run by founders who believed their own hype — and made reckless business decisions along the way.
With the 3AC saga still unfolding, we received privileged information this week about the company’s remaining assets. The revelations aren’t good if you’re a 3AC creditor looking to be made whole again.
Source claims 3AC’s Deribit exposure is worth much less than reported
Life after crypto biz: Retrenched staff ponder future in the job market
Amazon (NASDAQ:AMZN).eth ENS domain owner disregards 1M USDC buyout offer on OpenSea
Breaking: Zipmex suspends withdrawals as CEO denies financial trouble rumors
Don’t miss it! Is the Bitcoin relief rally finally here?
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