Three Arrows Capital (3AC) is a Singaporean cryptocurrency hedge fund founded in 2012 by Kyle Davies and Su Zhu. At its peak, it even backed successful projects like AAVE, Ethereum, Polkadot, Solana etc. Now, this former giant is going bankrupt and owes US$3.5 billion to 27 companies. What brought them down? Was it Terra Luna? Axie Infinity? Or something else?
Learn more about Three Arrows Capital: https://boxmining.com/three-arrows-capital-3ac-rise-and-fall-of-a-crypto-hedge-fund-giant/
0:39 Background of Three Arrows (3AC)
2:44 Collapse of Terra LUNA
5:10 Three Arrows’ excessive leverage
6:50 How Su Zhu & Kyle Davies reacted?
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