Judge freezes assets of crypto hedge fund Three Arrows Capital
— Fund, Capital, Freezes, Daniel, Court, Digital, Arrows, Hedge, Liquidators, Market — 1 min read
A federal bankruptcy court has frozen the assets of Three Arrows Capital, the once-prominent crypto hedge fund. The Singapore-based company, also known as 3AC, was founded a decade ago by Su Zhu and Kyle Davies. Liquidators cite a “lack of cooperation to date” by Zhu and Davies in a July 8 filing, whose whereabouts are unknown. Bitcoin, the most valuable digital currency, is trading below $20,000, having shed more than 70 percent of its value since last fall. Experts say extreme volatility is sure to amplify calls for more oversight in the crypto market, but many are embracing smart regulation, but equally equally calling for smart, understanding of the idea of smart, regulation, says one expert. Source