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A string of high-profile crypto crises could set the industry back by almost a decade, according to the co-founder of Three Arrows Capital, whose June implosion was one of the largest hedge-fund trading busts.<br />“Some industry leaders have said the FTX collapse set the industry back by five years,” Su Zhu said in a rare in-person interview in Abu Dhabi. “I think it’s even longer than that -- seven or eight years -- maybe even longer, if the underlying issues aren’t solved.”<br />In addition, Zhu Su said that after several months of reflection on the failure of Three Arrows Capital, he is considering establishing a brand new investment and trading company. The company may be an all-weather fund that invests in both encrypted assets and traditional assets. Not too urgently, the domino effect of FTX has only just begun, and there are more dominoes to fall."

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【Fallen hedge fund 3AC’s founder says FTX set crypto back years】A string of high-profile crypto crises could set the industry back by almost a decade, according to the co-founder of Three Arrows Capital, whose June implosion was one of the largest hedge-fund trading busts.
“Some industry leaders have said the FTX collapse set the industry back by five years,” Su Zhu said in a rare in-person interview in Abu Dhabi. “I think it’s even longer than that -- seven or eight years -- maybe even longer, if the underlying issues aren’t solved.”
In addition, Zhu Su said that after several months of reflection on the failure of Three Arrows Capital, he is considering establishing a brand new investment and trading company. The company may be an all-weather fund that invests in both encrypted assets and traditional assets. Not too urgently, the domino effect of FTX has only just begun, and there are more dominoes to fall."

Fallen hedge fund 3AC’s founder says FTX set crypto back years

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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