Three Arrows Capital’s Founder Says FTX Set Crypto Back Years

Nov 23,2022
KingData News: A string of high-profile crypto crises could set the industry back by almost a decade, according to the co-founder of Three Arrows Capital, whose June implosion was one of the largest hedge-fund trading busts. In addition, Zhu Su said that after months of reflecting on the failure of Three Arrows Capital, it is considering a new trading entity, possibly a fund that invests in both crypto and traditional assets.
A financial document disclosed in the media indicates that SBF's Alameda Research has a capital debt situation, with nearly half of its holdings related to FTT and Solana. On November 6, 2022, CZ stated that due to recent revelations, Binance will sell all FTT on its books. This indicator broadcasts updates on FTX-related events.