Three Arrows Capital has defaulted on a loan worth more than $670M

Re:Three Arrows Capital has defaulted on a loan worth more t... by Tao3300 on Monday June 27, 2022 @12:42PM (#31897118)

One of the things I noticed in the whole Terra/Luna drama is that there were lots of people on Twitter who seemed downright confused. People who didn't know where their money went or why. People who had complicated arrangements where their holdings were in the wrong kind of thing to get the 2.0 airdrop who hardly seemed to understand what they were talking about well enough to ask coherent questions.

Those people make me sad. They got fleeced. Maybe they got lured in by the promise of easy money and should have known better, but that doesn't make it pleasant to watch lambs driven to the slaughter.

The other kind, the ringleaders and the ones gloating "HFSP" during more bullish times. That's comedic gold.

[ Parent | on HN ]

Re:Three Arrows Capital has defaulted on a loan worth more t... by jasonwatkinspdx on Monday June 27, 2022 @04:30PM (#31900369)

Crypto marketing is now so pervasive, particularly in online spaces, that a ton of people just assume it must not be a scam.

I mean there's a streamer I follow and generally like, but that interviewed Do Kwon on their stream, just a few weeks before it depegged. I wonder how many of their followers were the ones that lost the game of musical chairs. The halo effect is real.

And that's not even getting into the craven scumbags leveraging influencer marketing, like Stake.

[ Parent | on HN ]

Re:Three Arrows Capital has defaulted on a loan worth more t... by DaveExeter on Monday June 27, 2022 @01:41PM (#31897975)

HFSP = Have fun staying poor

[ Parent | on HN ]