Singapore crypto tycoon Su Zhu: Billion-dollar wealth wiped out in 72 hours, Three Arrows Capital collapses
Singapore entrepreneur Su Zhu, co-founder of Three Arrows Capital (3AC), was once a shining star in the cryptocurrency field. With bold strategies and extremely high leverage, he rapidly rose in the crypto market, amassing an astonishing fortune of billions of dollars.
Su Zhu keenly captured the opportunities in the cryptocurrency market and co-founded Three Arrows Capital with his partners, transforming it into one of the largest hedge funds in the cryptocurrency market. His investment style was bold and aggressive, adept at using high leverage to magnify returns, repeatedly achieving remarkable results amidst the volatility of the crypto market.
However, fate is always full of variables. In just 72 hours, Su Zhu's wealth empire faced an unprecedented crisis. Due to market fluctuations and investment strategy errors, the funding chain of Three Arrows Capital broke, leading to the empire's sudden collapse. Su Zhu went from a legendary figure in the crypto field to a fallen individual burdened with massive debt overnight.
This event shocked the entire cryptocurrency field and reminded people of the high risks associated with investments. Su Zhu's downfall is not only his personal failure but also a microcosm of the volatility and uncertainty in the entire cryptocurrency market.
Today, Su Zhu's story has become a classic case in the investment world, warning people to treat investment risks with caution and not to blindly pursue high risks and high returns. Both his successes and failures provide us with profound insights and lessons.
