Three Arrows Capital
Liquidated cryptocurrency hedge fund / From Wikipedia, the free encyclopedia
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]
Quick Facts Company type, Industry ...
Company type | Private |
---|---|
Industry | Hedge fund |
Founded | 2012; 12 years ago (2012) |
Founders | Kyle Davies, Su Zhu |
Defunct | June 27, 2022; 2 years ago (2022-06-27) |
Fate | Liquidation[1] Bankruptcy[2] |
Headquarters | Singapore |
Website | www.threearrowscap.com |
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