THREE ARROWZ CAPITEL
Crypto Overview
Overview
Three Arrows Capital (3AC) was not actually a cryptocurrency, but rather a Singapore-based cryptocurrency hedge fund that was founded in 2012 by Su Zhu and Kyle Davies. The fund did not issue its own token.
Background
3AC was one of the largest crypto hedge funds before its collapse in 2022. The fund engaged in cryptocurrency trading and investing in blockchain projects. The company filed for bankruptcy in July 2022 after defaulting on loans worth over $3.5 billion.
Operation Model
3AC operated as an investment fund that took leveraged positions in cryptocurrencies and blockchain projects. The fund's business model involved borrowing large amounts of cryptocurrency to make speculative investments.
Collapse Details
The fund's collapse was triggered by the crypto market downturn in 2022 and the collapse of Terra/LUNA, where 3AC had significant exposure. The founders allegedly failed to cooperate with liquidators and their current whereabouts were unknown for some time after the collapse.
Crypto Impact
To assign a comfort level investing in THREE ARROWZ CAPITEL from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to THREE ARROWZ CAPITEL.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.