3AC: A $10B hedge fund gone bust with founders on the run

2022.07.26 09:33

3AC: A $10B hedge fund gone bust with founders on the run

Three Arrow Capital (3AC), a Singapore-based crypto hedge fund that at one point managed over $10 billion worth of assets, became one of the many crypto firms that went bankrupt in this bear market.

However, the fall of 3AC wasn’t purely a market-driven phenomenon. As more information surfaced, the collapse looked more like a self-inflicted crisis brought upon by an unchecked decision-making process.

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