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Three Arrows Capital boss breaks silence amid insolvency rumours | The Blockwww.theblock.co/linked/152087/three-arrows-capital-boss-breaks-silence-amid-insolvency-rumors
107 sats \ 2 comments \ @ExponentialBTC 15 Jun 2022 bitcoin
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20 sats \ 0 replies \ @cryptocoin 15 Jun 2022
Three Arrow Capital liquidation is inevitable! #3AC
Explained in this thread 👇🧵
https://twitter.com/crypto_threader/status/1537023147127345157 https://nitter.net/crypto_threader/status/1537023147127345157 <-- Shows the thread in a single, easy-to-read, web page
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0 sats \ 0 replies \ @ExponentialBTC OP 15 Jun 2022
“We are in the process of communicating with relevant parties and fully committed to working this out,” he said, in a tweet published late on June 14.
The tweet comes amid rampant speculation on social media among crypto market participants that Three Arrows is has been negatively impacted by recent crypto market conditions to the point that it is now facing insolvency.
The fund sustained significant losses during the collapse of the Terra ecosystem last month, after investing heavily in its native token LUNA, and is now facing further market turbulence after crypto lender Celsius paused withdrawals on Monday.
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