FTX Crash Sets Industry Back 7-8 Years, According to Founder of Bankrupt Crypto Fund

Zhu Su, co-founder of the freelance crypto investment fund Three Arrows Capital (3AC), which went bankrupt in the crash in May, stated that the FTX collapse may have set the crypto money industry back 7-8 years.

In an interview with Bloomberg, Zhu Su said that after several major crypto crises, the industry has almost 10 years He said he could take it back. Zhu Su, the sector of the FTX collapse of some industry leaders 5 years what they thought was taking it back, but your own guess 7 to 8 years He said he might have taken it back.

Zhu Su suggested that crypto crises will continue to come if major underlying problems are not resolved. Hedge crypto fund 3AC, managed by Su Zhu, went bankrupt as a result of the June crash, and is about to 4 billion dollars had lost. One of the biggest reasons for the company’s bankruptcy. excessive leverage its use has been suggested.

In addition, the fund manager currently residing in Abu Dhabi, both traditional and digital reported that he had the idea to establish a fund that invests in assets. However, he stated that the conditions are not yet ripe for realizing his idea and the process will develop gradually.

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