The X-ray binary Cygnus X-3 is a highly variable X-ray source that displays a wide range of observed spectral states. One of the main states is significantly harder than the others, peaking at ~ 20 keV, with only a weak low-energy component. Due to the enigmatic nature of this object, hidden inside the strong stellar wind of its Wolf-Rayet companion, it has remained unclear whether this state represents an intrinsic hard state, with truncation of the inner disc, or whether it is just a result of increased local absorption. We study the X-ray light curves from RXTE/ASM and CGRO/BATSE in terms of distributions and correlations of flux and hardness and find several signs of a bimodal behaviour of the accretion flow that are not likely to be the result of increased absorption in a surrounding medium. Using INTEGRAL observations, we model the broad-band spectrum of Cyg X-3 in its apparent hard state. We find that it can be well described by a model of a hard state with a truncated disc, despite the low cut-off energy, if the accreted power is supplied to the electrons in the inner flow in the form of acceleration rather than thermal heating, resulting in a hybrid electron distribution and a spectrum with a significant contribution from non-thermal Comptonization, usually observed only in soft states. The high luminosity of this non-thermal hard state implies that either the transition takes place at significantly higher L/Ledd than in the usual advection models, or the mass of the compact object is > 20 Msun, possibly making it the most massive black hole observed in an X-ray binary in our Galaxy so far. We find that an absorption model as well as a model of almost pure Compton reflection also fit the data well, but both have difficulties explaining other results, in particular the radio/X-ray correlation.
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