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Three Arrows Capital falls into liquidation as crypto winter bites

Prominent crypto hedge fund becomes latest high-profile casualty of downturn in crypto sector

Three Arrows Capital was co-founded by Zhu Su and Kyle Davies in 2012, and was one of the world's biggest crypto-focused hedge funds
Three Arrows Capital was co-founded by Zhu Su and Kyle Davies in 2012, and was one of the world's biggest crypto-focused hedge funds Photo: Alamy

Cryptocurrency-focused hedge fund Three Arrows Capital has gone bust, becoming one of the most prominent victims yet of the so-called 'crypto winter'.

Partners from restructuring firm Teneo were appointed on 27 June to handle the Singapore-founded firm's insolvency, according to a person with knowledge of the matter, after a British Virgin Islands court ordered Three Arrows' liquidation.

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