A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd (3AC). after creditors sued the crypto hedge fund for failure to repay debts, WSJ reports. Three Arrows Capital suffered losses in recent weeks due to collapsing crypto prices. Bitcoin’s dollar value has fallen by more than a third this month. Former Wall Street traders Zhu Su and Kyle Davies started the crypto hedge fund nearly a decade ago. It had roughly $3 billion in assets under management in April, just before crypto markets cratered.