GREY:VYGVQ - Post by User
Post by
mingzhuon Jun 23, 2022 1:33pm
131 Views
Post# 34777781
why buy now? it is 99% chance of 3AC at default this week.
why buy now? it is 99% chance of 3AC at default this week. wait for a more week.
"Three Arrows Capital as a counterparty has been confirmed. Voyager confirmed that the total exposure to 3AC was +$660mm (or $350mm USDC and 15,250 BTC or $313mm at current spot prices). The company noted that they have made an initial request of $25mm USDC repayment by June 24 and the full amount of the loan to be repaid by June 27. If these amounts are not paid by the stated dates, they will be considered in default. Further, the company notes that they will seek recovery from 3AC but cannot currently assess the amount that can potentially be recovered."