{"id":82015,"date":"2022-07-12T01:22:19","date_gmt":"2022-07-12T05:22:19","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82015"},"modified":"2022-07-12T01:14:21","modified_gmt":"2022-07-12T05:14:21","slug":"from-10-billion-to-zero-how-a-crypto-hedge-fund-collapsed-and-dragged-many-investors-down-with-it","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2022\/from-10-billion-to-zero-how-a-crypto-hedge-fund-collapsed-and-dragged-many-investors-down-with-it.html","title":{"rendered":"From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it"},"content":{"rendered":"\n<p>(CNBC) As recently as March, Three Arrows Capital managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. Now the firm, also known as 3AC, is <a href=\"https:\/\/www.cnbc.com\/2022\/07\/02\/crypto-hedge-fund-three-arrows-files-for-chapter-15-bankruptcy.html\">headed to bankruptcy court<\/a> after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out its assets and leave it unable to repay lenders.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/11\/how-the-fall-of-three-arrows-or-3ac-dragged-down-crypto-investors.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) As recently as March, Three Arrows Capital managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. Now the firm, also known as 3AC, is headed to bankruptcy court after [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82015","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82015"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82015\/revisions"}],"predecessor-version":[{"id":82016,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82015\/revisions\/82016"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}