Three Arrows Capital liquidated by FTX, Deribit and BitMEX |
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Meh, players who are deep leveraged are going to get margin calls that destroy them. That's just the market and it's actually healthy. Unlike the Federal Reserve which deems that some companies are too big to fail. In the crypto world, no bailouts.
(Jun 17, 2022 09:04 AM)Omniscient Wrote: Meh, players who are deep leveraged are going to get margin calls that destroy them. That's just the market and it's actually healthy. Unlike the Federal Reserve which deems that some companies are too big to fail. In the crypto world, no bailouts. Yeah except 3AC is playing with other people's money.
3AC is huge. The contagion is yet to be experienced. They were one of the biggest borrowers and market makers across multiple crypto ecosystems. I heard even some treasuries held their funds in 3AC due to an 8% APR unspoken guarantee.
Be careful if you hold any of their projects. I expect they will be forced to dump their portfolios to repay creditors.
(Aug 10, 2022 02:44 PM)pubgmobilecheat Wrote: https://twitter.com/RichardHeartWin/stat...4402965506 Not one of your normal "we have suspended trading" emails. |
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