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Would 3AC be the latest domino to fall after UST and Celsius
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Online chatter has recently increased multi-fold around Three Arrows Capital post speculations related to insolvency. There are swirling rumors that the company will be the latest to crash in a domino effect- after LUNA.
Well, not to forget, Celsius Network’s latest announcement too had an impact on the broader market condition. Three Arrows Capital sold at least $40 million worth of Lido’s staked Ether in the early hours of 14 June, making it the largest seller of the token in the past week.
Three Arrows Capital is edging towards insolvency as per speculations of the latest on-chain data. These rumors have been intensified with co-founder Su Zhu’s latest tweet.
<p lang=«en» dir=«ltr» xml:lang=«en»>We are in the process of communicating with relevant parties and fully committed to working this out— Zhu Su
Read more on ambcrypto.comAbout this in other media
3AC to get liquidated soon? The NFT market could be key ambcrypto.com /2 years ago
British Virgin Islands court reportedly orders to liquidate 3AC cointelegraph.com /2 years ago
Here’s the latest chapter in Iran’s clampdown on crypto-miners ambcrypto.com /2 years ago
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