FFATH ⚠️ 3AC Liquidation - what assets could dump ⚖️ Regulation and 🎮 Gamestop beta
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Featured Story
💸 Three Arrows Capital Ordered to Liquidate - what this could mean for these assets.
If you haven’t heard by now, in June the crypto fund Three Arrows Capital (3AC) was ordered to liquidate by a court in the British Virgin Islands. The management consulting company Teneo was appointed to assist in the insolvency proceedings.
Liquidation means massive sell-offs, and here are some of those 3AC had in its portfolio that could be susceptible to a massive dump:
It’s still unclear how much this will affect the specific assets mentioned above as liquidators are still trying to secure the assets of the hedge fund. Any guesses on a time frame for these liquidations are largely just guesses at this point. Liquidations like these could have lingering effects on markets for months or even years to come.
So are you HODLing any of these? Did you make a short-term play? Whatever your strategy the important thing to remember is that nobody cares about you. You’re on your own in a sea of whales, whalers, hedge funds, morons and corrupt plutocrats all trying to make a buck and uncover the secret to immortality. Giving all, or even a lot, of your money to one centralized fund could be riskier than any of the plays you would make yourself. Unfortunately for the chumps who trusted their life-savings to 3AC this may end up being an expensive lesson to learn.
Read more about Three Arrows Capital liquidation:
👉 Three Arrows Capital Liquidators Move to Secure the Company’s Singapore Assets
✈️ 3AC’s founders are nowhere to be found
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