Three Arrows Capital boss breaks silence amid insolvency rumours

Zhu Su, co-founder and CEO of Three Arrows Capital, appears to have addressed rumors regarding the crypto investment firm’s operations and solvency.

“We are in the process of communicating with relevant parties and fully committed to working this out,” he said, in a tweet published late on June 14.


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The tweet comes amid rampant speculation on social media among crypto market participants that Three Arrows is has been negatively impacted by recent crypto market conditions to the point that it is now facing insolvency. 

The fund sustained significant losses during the collapse of the Terra ecosystem last month, after investing heavily in its native token LUNA, and is now facing further market turbulence after crypto lender Celsius paused withdrawals on Monday.  

Further details on Three Arrows’ financial position have not yet come to light. The company was contacted by The Block for comment but did not respond by press time.

About Author

Ryan Weeks is deals editor at the The Block, focused on fundraising, M&A and institutional trends in the crypto space, among other things. He is particularly interested in investigative work — so please send tips! Ryan previously worked at Financial News, Dow Jones as a fintech correspondent in London. Prior to that, he wrote for several different publications, including Sifted, AltFi and Wired. Beyond journalism, Ryan is a keen reader and writer. He enjoys all things active, especially running, rugby, climbing and tennis.