Cryptocurrency is failing. Or so it seems.
Last week, the arrest of Su Zhu, cofounder of failed crypto hedge fund Three Arrows Capital, brought to light the integrity issues which have plagued the crypto landscape. Along with cofounder Kyle Davies, the fund faced $3.5 billion of creditor’s claim, making its collapse one of the largest hedge-fund collapses of all time.
Zhu’s arrest came from a long line of incidents. The JPEX scandal, the 2022 crypto crisis, and perhaps most infamously FTX’s downfall have elicited criticisms from prominent financial experts and created a sense of apprehension in the general public. A recent poll found that 75 percent of Americans who have heard of crypto are not confident in its safety and reliability.
To combat deteriorating trends, policymakers around the
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