Zhu Su, co-founder of Three Arrows Capital, said in an interview in Abu Dhabi: “Some industry leaders said that the collapse of FTX set the industry back five years, but I think it’s more serious, about seven to eight years, and if the fundamental problems are not properly solved, the setback will be longer.”
In addition, Zhu Su said that after several months of reflection on the failure of Three Arrows Capital, he is considering establishing a new investment and trading company, which may be an all-weather fund that invests in both crypto assets and traditional assets. "But I don't think this matter is too urgent. The domino effect of FTX has just begun, and more dominoes will fall." (Bloomberg)