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Three Arrows Capital
Liquidated cryptocurrency hedge fund
Three Arrows Capital
Three Arrows Capital (also known as 3AC or TAC) was a Singapore-based cryptocurrency hedge fund which was ordered to liquidate on 27 June 2022 by a court in the British Virgin Islands. It was founded in 2012 by Kyle Davies and Su Zhu. The company borrowed billions of dollars to fund its trading, and according to July 2022 bankruptcy filings, faces $3.5 billion in creditors' claims. The fund lost in excess of $4.2 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time. Liquidators for the bankruptcy estate of Three Arrows Capital, led by Teneo, have a total claim of $3.4 billion by 154 creditors against the failed crypto hedge fund.
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