The founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are speaking out after months of silence in the wake of the firm’s bankruptcy.
3AC founders Kyle Davies and Zhu Su have both taken to Twitter to speak on the recent collapse of crypto exchange FTX and its trading arm Alameda Research, saying that the firms were also involved with triggering 3AC’s bankruptcy.
“I ran a hedge fund Three Arrows (aka 3AC) with Su for over a decade, 7 to 10 figures organic. Since 2018 we were all in on crypto.
In May 2022, Luna exploded and the aftermath of correlated positions/spreads/investments all moving against got us.
We understand now that FTX/Alameda hunted our positions but at the end of the