Bitcoin Drops, Domino Effect: Hedge Funds Are Participating Too

“We are in contact with the concerned parties and we are fully committed to resolving the situation,” he added. It was this message, which Zhu Su, founder of crypto-specialized hedge fund Three Arrows Capital (3ac), wrote yesterday on his Twitter profile, that cast new shadows on the cryptocurrency market. Investors, already burned by the recent collapse of the Terra Luna ecosystem and the suspension of withdrawals announced by depository platform Celsius on Monday, fear at this point the impact…

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