Three Arrows Capital co-founder Su Zhu has posted a vague tweet to reveal that the agency is “committed to working this out” as rumors of a probable wipeout tournament acquire circulated all the diagram in which thru the crypto community.
Su Zhu and Kyle Davies’ Three Arrows Capital is one in every of crypto’s most precious hedge funds.
Su Zhu Speaks Out
Three Arrows Capital co-founder Su Zhu has broken his silence after rumors that the agency could additionally be going thru liquidity points acquire spread all the diagram in which thru the crypto community.
We are in the strategy of talking with relevant events and entirely committed to working this out
— Zhu Su 🔺 (@zhusu) June 15, 2022
The standard dealer posted a cryptic tweet early Wednesday hinting that Three Arrows Capital became as soon as purchasing for one diagram to a subject it became as soon as going thru. “We are in the strategy of talking with relevant events and entirely committed to working this out,” Zhu wrote, prompting a flurry of supportive messages from the likes of Cobie, Byzantine General, satsdart, and other contributors of the crypto community.
Rumors of the agency’s capability points first surfaced on Crypto Twitter early Tuesday and spread over the course of the day. Unconfirmed reports tell that the agency could additionally acquire uncared for a margin name and experienced a liquidation tournament attributable to essentially the most new meltdown in the crypto market. The rumors came totally hours after Celsius halted buyer withdrawals as it confronted what’s widely believed to be its have confidence liquidity crisis.
Three Arrows Capital is one in every of the enviornment’s most a success crypto hedge funds. After launching in 2012, it grew true into a multi-billion buck establishment that grew to change into known for its prescient trading calls, propelling Zhu and his longtime accomplice, Kyle Davies, to crypto star issue.
All thru 2021, Three Arrows Capital grew to change into infamous for pushing the so-called “supercycle” thesis and endorsing different Layer 1 initiatives cherish Solana, Avalanche, and Terra sooner than their parabolic rallies. Since then, Terra has crashed to zero and Solana and Avalanche are both down about 86%. Interestingly, Zhu no longer too long in the past eliminated a lot of references to Solana, Avalanche, Terra, Ethereum, and NEAR from his Twitter bio and has additionally deleted his Instagram account.
Three Arrows Capital has no longer but printed an legit assertion in accordance with the rumors, and neither Zhu nor Davies had answered to Crypto Briefing’s request for comment by press time.
This story is breaking and ought to still be updated as extra shrimp print emerge.
Disclosure: On the time of writing, the author of this piece owned ETH, NEAR, and several other other cryptocurrencies.
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