Three Arrows Capital Co-Founder and CEO Zhu Su. Photo: Bloomberg. Art by Mike Sullivan
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What’s Next After the Three Arrows Meltdown

Photo: Three Arrows Capital Co-Founder and CEO Zhu Su. Photo: Bloomberg. Art by Mike Sullivan

Hopes of a near-term recovery in crypto prices have all but vanished. Now, all eyes are on liquidity crises playing out at crypto lending firms like Celsius and BlockFi as well as the crypto hedge fund Three Arrows Capital.

The latest: Sky News reported on Wednesday that a court in the British Virgin Islands has ordered the liquidation of Three Arrows Capital, the crypto hedge fund that has missed margin calls from lenders like BlockFi and Voyager Digital. The court has tapped consulting and advisory firm Teneo to oversee the process, according to a report from Bloomberg. 

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