How a crypto hedge fund collapsed and dragged many investors down with it
The bankruptcy filing from Three Arrows Capital (3AC) triggered a downward spiral that wrapped in many crypto investors.
The hedge fund failed to meet margin calls from its lenders.
“3AC was supposed to be the adult in the room,” said Nik Bhatia, professor of finance and business economics at the University of Southern California.
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https://www.cnbc.com/2022/07/11/how-the-fall-of-three-arrows…