The #Crypto Geniuses Who Vaporized a #Trillion #Dollars Everyone trusted the two guys at Three Arrows #Capital. They knew what they were doing — right?

source: https://nymag.com/intelligencer/article/three-arrows-capital-kyle-davies-su-zhu-crash.html

So far, liquidators have recovered only $40 million in #assets. “It became clear that they were insolvent but were continuing to borrow, which really just looks like a classic #PonziScheme,” says Kasselman.

#finance #money #economy #fail #crash #scam #technology #software #news #blockchain #bitcoin #bitcoins #btc