Does 3AC have a future?

To further complicate things, 3AC also housed two funds as sub-share classes: DeFiance Capital for DeFi investments and Starry Night Capital for digital art. DeFiance has external investors, and its founder has insisted it operates independently, but that structure has put its future in doubt.

Why did Zhu & Davies put 3AC on a trade?

Zhu and Davies, long among the most vociferous crypto bulls in an industry known for extremes, put on trades – turbocharged by leverage – that put 3AC at the center of a series of implosions that convulsed the crypto market as prices retreated this year from their highs last fall.

Is 3AC hiding from disgruntled investors?

In the letter, 3AC’s lawyers asked the liquidators at Teneo whether they mentioned in their July 8 filing to the U.S. Bankruptcy Court the “threats of physical violence” that the 3AC founders and their families were receiving. So 3AC may be hiding from disgruntled investors, but they’re no longer hiding from the public.

Who is Zhu Xu?

But Zhu wasn’t just any laser-eyed crypto trader. With his schoolmate Kyle Davies, he ran Three Arrows Capital, one of the largest crypto hedge funds in the world. With a few billion dollars under management, it was far from massive by Wall Street standards. But in digital assets, it was a heavyweight.