Verified sources have confirmed that 3AC owes a large debt to BitMEX, a popular cryptocurrency exchange. 3AC has reportedly taken on several undercollateralized positions, creating unsecured debt. The creditors who got in touch with me confirm that 3AC are still uncontactable.
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What is your opinion on 3AC still being top 2 on the Ftx leaderboard? Taking this position, 3AC should still have revenues between the high digit million range and one billion. Why is no one talking about this?
Good question - wish I knew - I have no idea how they blew up their fund (or if they even did), since their AUM is quite high. I hope it's just cashflow issues rather than actual structural insolvency
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@ChadCloutman actually confirmed in a tweet that the FTX Leaderboard has been frozen for weeks now. The leaderboard is therefore incorrect. But then the question arises whether FTX really wants to cover up the crash of 3AC. It's getting more and more ridiculous. -
Here is the link to the post: https://twitter.com/ChadCloutman/status/1536698157219954688?s=20&t=DBP1s7PoDfuZf1syJ-hBmA … Chad Cloutman is on the leaderboard. Therefore, this information should be correct.
End of conversation
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