What Credit Suisse and Three Arrows Capital Have in Common
3AC was considered the most important fund in crypto, while Archegos was just one of many in TradFi. However, there are a few parallels between the firms worth noting. First, the numbers are shockingly similar, if not exactly comparable. The second parallel is more important: In the 2010s, fancy investment bankers made the same utterly brain-dead sort of bets as the wild-eyed psychos who (presumably) run money in crypto.