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Three Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report

“What we failed to realize was that luna was capable of falling to effectively zero,” Three Arrows Capital co-founder Su Zhu said.

By Shaurya Malwa

Updated May 11, 2023, 6:54 p.m. Published Jul 22, 2022, 11:44 a.m.

The founders of Three Arrows Capital said trades related to Terra and GBTC led to the fund's fall (The Image Bank RF/Getty Images)