DeFiDisaster

In 2021, Su Zhu sat atop the crypto world — co-founder of Three Arrows Capital, a hedge fund with billions under management and an ego to match. Traders worshipped him. Billionaires backed him. Everyone believed he saw the future.

But no one saw the tsunami of leverage beneath the surface.

3AC didn’t just borrow. It doubled down on borrowed money, stacked risk on risk, and went all-in — including a $500 million bet on LUNA. When LUNA collapsed in 2022, it didn’t just lose value. It vaporized. And so did 3AC’s empire.

72 hours. That’s how long it took for one of the biggest crypto hedge funds to implode.

Creditors? Left scrambling. Investors? Burned. Trust? Shattered. Su Zhu? Vanished.

Why it all collapsed:

No risk controls.

Reckless leverage.

Total lack of transparency.

3AC’s model thrived only in a bull market. The second the tide went out, the naked truth was exposed.

This wasn’t just a crash — it was a reckoning. And a reminder:

> In crypto, leverage isn’t strategy. It’s a time bomb.

#3AC #CryptoCollapse #DeFiDisaster #Write2Earn