Wu said that Three Arrows Capital creditor Soldman Gachs tweeted that it had received Multicoin Capital's November investor statement, saying that the hedge fund had fallen by as much as 90% in the past 11 months. Previously, Multicoin had stated that the funds stranded in FTX accounted for 15.6% of the fund's assets, and its flagship fund had lost 55% of its assets in about two weeks.