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Crypto Hedge Fund’s Ominous Tweet Is Latest Shock to Market

  • Three Arrows co-founder says firm is ‘working this out’
  • Contagion fears add to Celsius crisis, Fed rate angst
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A vague tweet by a founder of Three Arrows Capital, an influential hedge fund that has been liquidating crypto holdings as prices plummeted, is stirring fresh apprehension in an already shaken industry.

“We are in the process of communicating with relevant parties and fully committed to working this out,” former Credit Suisse Group AG trader Zhu Su tweeted from his verified account, without providing further details. Zhu and Three Arrows co-founder Kyle Davies didn’t respond to requests for comment.