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3ac co-founder Zhu Su: "We are in the process of communicating with relevant parties [...]"twitter.com/zhusu/status/1536876343815983104
5 sats \ 4 comments \ @ExponentialBTC 15 Jun 2022 bitcoin
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20 sats \ 0 replies \ @KingZing 15 Jun 2022
https://twitter.com/AutismCapital/status/1536918116025761792 This is absolutely massive if true. Looking like the entire ecosystem system could collapse and bitcoin won't be immune from it.
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0 sats \ 1 reply \ @ExponentialBTC OP 15 Jun 2022
3AC - Three Arrows Capital
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0 sats \ 0 replies \ @ExponentialBTC OP 15 Jun 2022
https://i.postimg.cc/SRfbFsdQ/giphy.webp
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0 sats \ 0 replies \ @ExponentialBTC OP 15 Jun 2022
1 month later: 3AC, one of the largest wildcat banking tier 1 funds, is rumored to be insolvent.
We have not even seen capitulation in crypto or DeFi yet.
Much more pain to come, eventually most of the liquidity will get withdrawn from DeFi.
No central bank to bail them out.
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