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A comment on Battered Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout. Parent comment

Re:Battered Crypto Hedge Fund Three Arrows Capital Considers... by vishnugupta on Friday June 17, 2022 @02:19PM (#31782207) 

  Take increasing risks in search for higher yield? Check
  Leveraged trading to ratchet up profits? Check
  Margin called when the risky bet doesn't pay off? Check
  Counter party risk? Check
  Contagion + domino effect? Check
  Fire sale of decent quality assets putting down pressure on its prices thus hurting the whole ecosystem? Check
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Re:Battered Crypto Hedge Fund Three Arrows Capital Considers... by drexlspivey on Friday June 17, 2022 @02:32PM (#31782402)
What's the counterparty risk?
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Re:Battered Crypto Hedge Fund Three Arrows Capital Considers... by vishnugupta on Friday June 17, 2022 @02:49PM (#31782632)
A bunch of crypto fintechs had lent to 3AC are in a spot of bother.

https://www.ft.com/content/126d8b02-f06a-4fd9-a57b-9f4ceab3d...

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Re:Battered Crypto Hedge Fund Three Arrows Capital Considers... by arcticbull on Friday June 17, 2022 @02:59PM (#31782748)
And 3AC led bunch of crypto seed rounds. They then offered them 8-10% APR to hold their treasuries. Now, I believe they've been ghosted.
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