Digital Assets
Crypto's Lehman Moment
Three Arrows Capital, commonly referred to as “3AC”, was a Singaporean-based cryptocurrency hedge fund. As early as March, it was reported that they managed somewhere between $10B and $18B, making it one of the largest crypto hedge funds in the world. However, 3AC is now headed to bankruptcy court after price declines in the digital asset ecosystem, combined with extremely high leverage, wiped out all the company’s assets and have now left it unable to repay its lenders.