Three Arrows Capital, founded in 2012 by Su Zhu and Kyle Davies, has been ranked one of the top three VCs in the crypto space and managed several billion dollars worth of assets.
3AC has helped accelerate cryptocurrency adoption. They have done this by hosting fundraisers for ambitious founders and developers to build blockchain projects. The company holds significant positions in crypto assets, including Bitcoin and Ethereum.
The cryptocurrency hedge fund was ordered to liquidate on 27 June 2022. The company has borrowed billions of dollars to fund its trading and according to bankruptcy filings faces $3.5 billion in claims from creditors. The fund had lost more than $3 billion over the period 2021-2022, making its collapse one of the largest hedge fund trading losses of all time.