Caixin
Jun 16, 2022 01:49 PM
BUSINESS

Crypto Hedge Fund’s Ominous Tweet Is Latest Shock to Market

Crypto markets had already witnessed two high-profile blowups since early May, roiling an asset class that was under pressure from tightening monetary policy. Photo: Bloomberg
Crypto markets had already witnessed two high-profile blowups since early May, roiling an asset class that was under pressure from tightening monetary policy. Photo: Bloomberg

(Bloomberg) — A vague tweet by a founder of Three Arrows Capital, an influential hedge fund that has been liquidating crypto holdings as prices plummeted, is stirring fresh apprehension in an already shaken industry.

“We are in the process of communicating with relevant parties and fully committed to working this out,” former Credit Suisse Group AG trader Zhu Su tweeted from his verified account, without providing further details. Zhu and Three Arrows co-founder Kyle Davies didn’t respond to requests for comment.

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