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/biz/ - Business & Finance

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50045712 No.50045712 [Reply] [Original]

RIP, IT'S OVER

>> No.50045743
File: 83 KB, 486x552, 1656283237420.png [View same] [iqdb] [saucenao] [google]
50045743

>>50045712

>> No.50045748

finally

>> No.50045760

this ching chong was overconfident

good riddance

>> No.50045770

Who?

>> No.50045780

But their wallet still has a health factor of 1.35 on aave

>> No.50045796

>>50045748
Not finally. Celisus network hasn't been liqd yet

>> No.50045812

>>50045780
link?

>> No.50045870

>>50045770
3AC, another insolvent crypto hedge fund

>> No.50045881

>>50045780
>aave
>relevant
They owe 10 figures to OTC lenders

Also
>Nexo next-o

>> No.50045889

>>50045712
BITCOIN TOO???!!!1!!1???

>> No.50045910

>>50045712
Come again?

>> No.50045914

>>50045712
>>50045812
Court Reportedly Orders Liquidation Of Crypto Hedge Fund Three Arrows Capital, Threatening More Market Turmoil
https://www.forbes.com/sites/siladityaray/2022/06/29/court-reportedly-orders-liquidation-of-crypto-hedge-fund-three-arrows-capital-threatening-more-market-turmoil/

>> No.50045934

>>50045914
https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402
Crypto hedge fund Three Arrows Capital plunges into liquidation
A court in the British Virgin Islands has ordered the liquidation of Singapore-based Three Arrows Capital, underlining the crisis gripping the cryptocurrency sector, Sky News learns.

>> No.50045948

>>50045910
Yes, please

>> No.50046021

>>50045712
bitcoin is insolvent?

>> No.50046078

So they're liquidated by OTC lenders. So fucked if their aave collateral gets liquidated as well.
There's 130k eth at risk. Fuck us all.

>> No.50046079

>>50046021
yep, it depends on energy that is becoming too expensive for the extremely limited use it provides

>> No.50046137

>>50046021
bitcoin never existed bro
they just took your money

>> No.50046151

It looks like their overconfidence was their undoing. Zhu Su now radio silent for 2 weeks.

>> No.50046172

Over for 3 arrows capital. But the guys running it are still well-off, and they'll invest in other shit and make a killing in the future.
So it's far from over. But shit is probably going to get a little dicey, but hey that's your opportunity to make it anon.

>> No.50046200

Bros, how do you have a hedge fund in a market that follows whatever king shitcoin does?

>> No.50046204

I like zhu. I feel bad for the guy. He simply just had a bigger bankroll and got fucked like the rest of us in this market. But we simply just didn't have as big of a roll.

Crypto does punish those with more money when playing this game. Big mistakes do happen no matter how smart you are.

>> No.50046229

>>50046204
>I like zhu.
he was a faggot, shilling obvious ponzis like UST
and another great example of "never trust a chink with anything involving money"

>> No.50046428

>>50046229
or food

>> No.50046548

>>50045712
I'm so fucking hard, who's next?

>> No.50046598

>>50046548
NEXO

>> No.50046660

>>50046598
Why though

>> No.50047472

>>50046660
because nexo is insolvent
even the customer service wagies don't even dare to answer my questions anymore
they know they are fucked

>> No.50047553

>>50045712
Why is this important? How much influence do they have in the market?

>> No.50047570

>>50045712
can someone explain how a court in the british virgin islands can force a liquidation on a singapore based fund

also they mostly lost investor funds, i wonder how much the both of them have squirreled away in the meantime

>> No.50047684

Hex users unaffected, no hexican is forced to take a loan or borrow his hex. Trustless yield baby. No of you fucking VC's will ever fucking take my position. Fuck these hedge fund niggers, fuck exchanges. Hex is immutable, has no adminkeys and pays trustless interest. you hold the keys. FUCK FAKE CEDEFI AND CEFI

>> No.50047736

>>50047684
>-93%

>> No.50047890

why do the chinese trust their government?

>> No.50047961

>>50047890
why does bees trust their queen?

>> No.50048010

>>50046204
go back to your shithole ching chong

>> No.50048040

Old news

>> No.50048041

>>50047961
its funny because everything becomes a self fulfilling prophecy that way.

>> No.50048091

>>50045712
> British Virgin Islands court has ordered its assets to be liquidated
My sides, since when do fiscal paradises have courts, and why do they have a say in Singapore companies?

>> No.50048979

>>50048091

Obviously were washing through BVI to avoid paying tax.

>> No.50049364

>>50045796
>>50045748
Tether will collapse.
Everyone knows this.
EVERYONE know this.

That's all that we are waiting for really.

>> No.50049415
File: 161 KB, 1594x1060, ErD5a-AXcAA7QKN.jpg [View same] [iqdb] [saucenao] [google]
50049415

>>50049364
riiiiiight. just two more weeks

>> No.50049800
File: 905 KB, 1200x1126, image_2022-06-29_114949840.png [View same] [iqdb] [saucenao] [google]
50049800

>>50045712

>> No.50049831

>>50046021
there's no question of "solvency" to digital beanie babies. but there is for every single exchange that hasn't been operating strictly on commissions and refusing to tightly control leverage.

>> No.50049861

>>50046548
they're all next. it's musical chairs, but there's hundreds of them dancing in an empty room with a printout of an email tacked up on the corkboard that says the chair will be delivered tomorrow.

>> No.50049897

>>50045712
It begins lmao8yygw

>> No.50049921

>>50047684

Hex is mathematically inflationary and loses value.

>> No.50049924

are all three arrows pointing down?

>> No.50049928

>>50049415
yes and they will not show proof of what it is backed with because it's their secret sauce, top kek that shit must be toxic as all fuck if they go so much out of their way to hide it

>> No.50050067

>>50048979
>When you’re so illiquid you can’t pay the taxes you owe your tax haven
>and you’ve already gotten to the point where they’re freezing your assets

>> No.50050207

>>50046660
Chudniggers seething Nexo is strict with leverage and demands high LTV ratios with high interest rates for loans and lower yields for stakers compared to the gambling retards running the platforms they trusted their money to.
Beware the discord niggers. They’ve been spamming that it’s insolvent because they’re envious they got rugged while the rest of us are still making money

>> No.50050972

>>50049415
No. I've never owned a tether except once when I set the trading pair wrong.
Can't wait.

>> No.50051089

>>50049364
>Tether will collapse.
why?

>> No.50051341

>>50051089
>accept billions of dollars of "deposits"
>promise $1 = 1 tether
>immediately take cash and dump it into commercial paper
>hide your accounting in an offshore business
>that then refuses to cooperate with the NYAG
>and whose accounting ledger absolutely no US accounting firm will touch
>a tiny fraction of commercial paper defaults and you are now a ponzi scheme, you can never get that money back, you begin rolling your snowball down the hill of yield-chasing losses, praying that 70% of your "customers" won't redeem their "deposits"
>then next year the danger zone is 50% of them
>then it's 35%
>then it's 10%
>then you flee the country

>> No.50051443

>>50045712
Coinbase is next.

>> No.50051867

>>50045712
>all your crypto are belong to uz
You should have eaten zhe bugs, you shoud pay your rent

>> No.50051881

>>50045712
gg

>> No.50051894

>>50045770
Three Arrows Capital

>> No.50051991

>>50051341
it has been audited

>> No.50052144

>>50051991
yeah, i audited them. They were good.

>> No.50052154

>>50051341
cope bitfinexed you've been saying this since 2017. Tether have literally settled with the CFTC the fud is fucking over.

>> No.50052246

>>50047570
because most of these hedgefunds/ crypto / investment companies have multiple shell llcs . So the Headquarter building may be in singapore. the bank they store their funds in Hong kong and the LLC where the company is encorporated is virgin islands... pretty common in most businesses to protect assets.

>> No.50052265

A lot more dominoes waiting to fall as a ton of bad debt is spreading through the industry

>> No.50052541

>>50048040
We know they had defaulted on payments and were in trouble, but this is new. This means a court is forcing them to sell all of their crypto holdings to pay back creditors, and they are still sitting on huge amounts of crypto. How do you think that will affect prices?

>> No.50052590

>>50052154
>Tether have literally settled with the CFTC
what does it mean?

>> No.50052602

hahahaha we have so much further down to go til we hit the bottom. bring it on

>> No.50052610

>>50052246
thanks anon, that makes sense

>> No.50052680

>>50045780
aave is insolvent

>> No.50052690

>>50049364
shut up bobo thats next year

>> No.50054119
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50054119

>>50051341
>>immediately take cash and dump it into commercial paper

>> No.50054155

>>50045712
You can't liquidated Bitcoin...

>> No.50054951

>>50045914
>>50045934
Based courts.
>>50046078
Garbage in-garbage out.

>> No.50055068
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50055068

>>50045712
> Five Arrows Capital defeats Three Arrow Capital

>> No.50055081

>>50045712
Can someone tell me what this means? I have a rough idea, but does this imply they literally lost all of their money?

>> No.50055153

>>50045712
No king rules forever.
https://youtu.be/8MUc-rQD8j0

>> No.50055258

>>50045712
Literally who

>> No.50055280

>>50045770
Singaporean hedge fund

>> No.50055305

>>50046204
I bet you eat dogs

>> No.50055357

>>50049415
this image is hilarious. such a backwards way of looking at things.
the therapist in this image is specifically used to create an illusion that crypto is 'professional and legitimate'
meanwhile the bobo is used to depict people who have doubts about crypto as mentally unstable

>> No.50055381

>>50045712
muh dubai office

>> No.50055425

Why didn’t tether buy literally silver and gold at Like 15-20% of value, so if shit tanks there silver goes up to cover,

You’re covered both ways. Seems like a setup to tank crypto from the start.

>> No.50055441

>>50049415
>>50055357

this image alienates potential buyers. this meme is so fucking bearish its not even funny. I don't think the artist intended it, but this is literally one of the most demoralizing images for any crypto hold.
the fact that this meme even exists means that someone is trying so hard defend against doubt fud. its honestly laughably embarrassing from a true psycology point of view