Cryptocurrency News
Su Zhu’s cryptic statement as rumors swirl of 3AC liquidations and insolvency
2022.06.15 10:56
Su Zhu’s cryptic statement as rumors swirl of 3AC liquidations and insolvency
Su Zhu, the co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC) has put out a cryptic statement on Twitter (NYSE:TWTR) in response to swirling rumors that the company is battling against insolvency.
Online chatter about 3AC being unable to meet a margin call began after 3AC started moving assets around this week to top up funds on DeFi platforms such as AAVE to avoid potential liquidations amid the tanking price of Ether (ETH) this week. There are unconfirmed reports that 3AC faced liquidations totaling hundreds of millions from multiple positions.
