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Three Arrows Capital information


Three Arrows Capital
Company typePrivate
IndustryHedge fund
Founded2012; 12 years ago (2012)
FoundersKyle Davies, Su Zhu
DefunctJune 27, 2022; 1 year ago (2022-06-27)
FateLiquidation[1]
Bankruptcy[2]
HeadquartersSingapore
Websitewww.threearrowscap.com

Three Arrows Capital (also known as 3AC or TAC) was a Singapore-based cryptocurrency hedge fund which was ordered to liquidate on 27 June 2022 by a court in the British Virgin Islands.[1] It was founded in 2012 by Kyle Davies and Su Zhu.[3][4][5] The company borrowed billions of dollars to fund its trading, and according to July 2022 bankruptcy filings, faces $3.5 billion in creditors' claims.[6][7] The fund appears to have lost in excess of $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time.[citation needed]

  1. ^ a b "Crypto hedge fund Three Arrows Capital plunges into liquidation". Sky News. Retrieved 29 June 2022.
  2. ^ "Crypto Hedge Fund Three Arrows Files For Chapter 15 Bankruptcy". Bloomberg. 1 July 2022. Retrieved 30 July 2022.
  3. ^ "Singapore-based crypto hedge fund's cryptic tweet fuels speculation over losses". The Business Times (Singapore). Retrieved 15 June 2022.
  4. ^ Ng, Serena (17 June 2022). "Battered Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout". The Wall Street Journal. Retrieved 17 June 2022.(subscription required)
  5. ^ "Ethereum ($ETH), Not Bitcoin ($BTC), Favorite for These Crypto Whales". Bloomberg News. 25 May 2021. Retrieved 15 June 2022.
  6. ^ "Three Arrows Liquidators Seize $40 Million as Asset Probe Widens". Bloomberg. 21 July 2022. Retrieved 30 July 2022.
  7. ^ "3AC". 15 August 2022.

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