From $10 Billion to $0: How Three Arrows Capital Collapsed Overnight

The underlying belly of the cryptocurrency market is dark and full of terrors regarding financial dealings that don't meet the eye of the typical investor about financial dealings that don't meet the eye of typical investor. Millions and billions of dollars are floundered between firms leaving investors' funds in jeopardy.

Three Arrows Capital (3AC) fell prey to its dealings by borrowing money from across the industry and investing the capital in other crypto projects.

What is Three Arrows Capital & What Do They Do?
Three Arrows Capital is a hedge fund that touted fund that touted itself as the go-to place providing risk-adjusted returns. 3AC has been in the market for over a decade and is the best in the industry. The firm was founded in 2012 by Su Zhu and Kyle Davies and its headquarters is in Singapore.

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