“Fortune favours the brave,” the actor Matt Damon declared in a commercial for Crypto.com that aired during last year’s Superbowl broadcast in the US.
Among crypto investors, few were ‘braver’ than Three Arrows Capital. The Singapore-based hedge fund borrowed more than $3.6 billion from nearly three dozen lenders to finance big bets on cryptocurrencies and digital tokens. When the crypto market crashed, 3AC defaulted on the loans, taking two of its lenders – Celsius and Voyager, which filed for
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