How to crypto geniuses vaporized a trillion dollars

how to crypto geniuses vaporized a trillion dollars

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The Crypto Geniuses Who Vaporized a Trillion Dollars Everyone trusted the two guys at Three Arrows Capital. They knew what they were doing. A fool and his money are easy parted. During the gold rush of the late s, one favourite scam was to oversell shares in a prospective mine to gullible investors.
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He says the business model of seeing a bubble and then ruthlessly sweet-talking investors out of their money is the same. That money all appears to be gone now and the two founders of Three Arrows are believed to be in hiding. Owing such characters large sums of money could explain why Zhu and Davies have gone into hiding. LTCM blew up after the Asian financial crisis and Russian financial crisis and the Federal Reserve had to step in to stop contagion spreading to the rest of the financial sector. Their lawyers said the co-founders have received death threats.