Three Arrows Capital Co-Founder Reveals Plans to Save Company: A Risky Gambit?

The crypto world is abuzz with news that Su Zhu, a co-founder of the bankrupt crypto hedge-fund manager Three Arrows Capital Ltd (3AC), is reportedly seeking to raise $25 million in seed money for a new venture. This comes after Three Arrows Capital (also known as 3AC or TAC) was a Singapore-based cryptocurrency hedge fund which was ordered to liquidate on by a court in the British Virgin Islands. [1] But can a new venture erase the memory of past failures? A co-founder of a failed cryptocurrency hedge fund who lost $3.5 billion in investor cash grinned as he showed no remorse for losing the funds as he remains on the sidelines. The question remains: will investors trust a name so closely associated with such significant losses? This bold move has sparked considerable debate within the industry. Some see it as a desperate attempt at redemption, while others view it with skepticism, given the massive financial damage caused by 3AC's collapse. The reported $25 million seed funding target suggests a significant undertaking, but the success of this venture hinges heavily on regaining investor confidence. The collapse of Three Arrows Capital sent shockwaves through the crypto market, highlighting the inherent risks associated with highly leveraged positions and the volatility of digital assets. The proposed new venture faces an uphill battle to overcome the negative perception associated with its founder and the legacy of 3AC. Will this be a phoenix rising from the ashes, or a repeat of past mistakes? Only time will tell.