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$18 Billion Crypto Hedge Fund Goes T*ts UpA court in the British Virgin Islands froze around $1 billion in assets belonging to the founders of Three Arrow Capital, the crypto hedge. The bankruptcy filing from Three Arrows Capital (3AC) triggered a downward spiral that wrapped in many crypto investors. The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to the defunct hedge fund, 3AC.