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0 sats \ 0 replies \ @ExponentialBTC OP 15 Jun 2022 \ on: 3ac co-founder Zhu Su: "We are in the process of communicating with relevant parties [...]" bitcoin
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Much more pain to come, eventually most of the liquidity will get withdrawn from DeFi.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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