Of the crypto organizations that went bankrupt Three Arrows Capital (3AC) co-founder Su Zhu shared a mysterious yet powerful message on social media. The message triggered huge speculation in the cryptocurrency world.
Three Arrows Capital had quite turbulent days in 2022 and then went bankrupt in July. While this development created great turmoil in the sector, they suffered a great injury due to their investments in TerraUSD and LUNA. Of course, these related crashes triggered the broader collapse in the cryptocurrency market.
东山再起
— 朱溯 🐂 (@zhusu) December 17, 2023
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With this, Su Zhu‘s latest announcement also triggered speculation that the sharing platform could be reactivated. This message was a Chinese post consisting of the words “return”.
The implications of this announcement could be far-reaching and multifaceted. On the one hand, it points to a possible recovery in the broader crypto market with the return of a major market player. On the other hand, it raises relevant questions about the fate of 3AC’s creditors and the fund’s ability to pay its debts.
Of course, for Three Arrows Capital to come back, it is critical that it has a strong asset that can also pay its current debts. Failure to overcome this debt burden will mean no progress at all.