@mylesmaritza33

Founded in 2012 by Columbia University alumni Su Zhu and Kyle Davies, 3AC was one of the world’s biggest crypto hedge funds, handling up to $18 billion in assets under management at its peak. Just a few months after Terra crashed, 3AC failed to meet margin calls from its lenders and filed for bankruptcy in late 2022. The company is currently proceeding with insolvency proceedings in the British Virgin Islands. Last year, a court in the British Virgin Islands reportedly banned 3AC co-founders Zhu and Davies from transferring or selling assets worth up to $1.1 billion. 3AC’s liquidator, Teneo, estimated that 3AC creditors were owed roughly $3.3 billion following its collapse in 2022.

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