A Three Arrows Capital fizetésképtelenségi pletykái a kriptográfiai összeomlás közepette eszkalálódnak

Rumors are swirling about the possible insolvency of Three Arrows Capital. Once a major crypto hedge fund managing an estimated 10 milliárd $ in assets, it’s Most “in the process of communicating with relevant parties and fully committed to working this out,” according to a vague tweet by co-founder Zhu Su on Wednesday.

Three Arrows Capital was a significant investor in the most-összeomlott Terra LUNA ecosystem last month. It owned large amounts of LUNA ⏤ now nearly értéktelen. Az is volt financial dealings with Celsius, which paused withdrawals on Monday to avoid saját possible insolvency.

Three Arrows was also identified as a significant customer of controversial ‘stablecoin’ Tether, which has a history of lekötés from the US dollar. Protos found the Bitfinex subsidiary has sent the hedge fund at least 674 millió dollár USDT-ben directly from Tether’s treasuries. The total amount handled is far more.

Three Arrows Capital is not responding to media inquiries.

The hedge fund was also a major participant in Ethereum 2 liquid staking schemes. As magyarázható by Protos, Ethereum 2 is risky, leveraged, and centralized. Due to the financial incentive to stake ETH with a liquid staking service provider, ETH derivatives risk destabilizing Ethereum-based financial contracts.

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Three Arrows Capital’s exposure to Ethereum 2 is especially risky

Ethereum 2’s largest liquid staking service provider, Lido, issues a supposedly ETH-pegged token, stETH. Three Arrows Capital had significant exposure to this peg, which has now broken by -5%. If this breaks down further, it could cause liquidations across decentralized finance (DeFi) and further impair Three Arrows Capital.

On June 10, co-founder Zhu Su shared a reassuring csipog by early Ethereum investor Konstantin Lomashuk. He said that “stETH is working exactly as it should stETH issued by Lido is backed 1 to 1 ETH.”

Just two days later, on June 13 at 9:45pm New York time, the stETH-ETH peg traded as low as 0.91 to 1.

At press time, one stETH was worth just 0.942 ETH. The two assets are supposed to be equally interchangeable. Su’s fellow co-founder, Kyle Davies, has not commented nyilvánosan hat napig.

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