Post by
mingzhu on Jun 23, 2022 1:33pm
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."
Comment by
Kingnodanothing on Jun 23, 2022 1:37pm
bc in my opinion you might be buying back in at much higher sp now or never for people whi wanna get rich or die trying lol yolo
Comment by
bligicka on Jun 23, 2022 6:28pm
Not sure what will transpire when the default actually happens .....but l hope the company will clarify if they have collateral on this loan as well as other similar scenarios....