From $3 Billion to Zero in Just 3 Days — The Fall of Su Zhu 🔥

Su Zhu's downfall was breathtaking. Once hailed as a crypto finance genius and 3AC co-founder, he watched his multi-billion empire simply vanish within 72 hours 📉

The story starts back in 2012. Just a Deutsche Bank trader then. By 2021? Totally different picture. He'd become crypto's kingmaker. Billions under management. Bold market predictions. The works 🚀

Something was off, though. Reckless leverage became his poison 💸

3AC borrowed from everyone. BlockFi. Voyager. Genesis. Then borrowed more. The strategy seemed kind of insane when you think about it - make enormous bets and just hope markets never went down 🎲

Not just his money at stake. He managed:

• Capital from billionaire investors • Assets from other hedge funds
• Resources trusted by respected crypto veterans

All this went into crazy high-risk positions. That $500 million LUNA bet? Gone in 48 hours during the 2022 crash. Just like that 💥

Things fell apart fast. Bitcoin crashed. Collateral evaporated. Creditors panicked. And Su Zhu? He disappeared 👻

Why did 3AC collapse? It's not entirely clear, but seems like:

• Risk management didn't exist • Too much leverage everywhere • Zero transparency

Their model only worked when markets went up. When prices dropped? The whole thing shattered 📉

This stands as one of crypto's biggest disasters. Investor money gone. Trust broken. A stark reminder of what happens when greed runs wild 🌋

The lesson in 2025 remains simple.

Leverage kills. Even in crypto's wild world 🔪