This morning, we announced a definitive agreement with Alameda Ventures for a $200 million dollar cash / USDC revolver and a 15,000 BTC revolver.
Read today’s release:
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Holy guacamole 
That’s $655M of exposure! “We don’t participate in DeFi lending…we just loan $655M of customer funds to those that do” #VGXheros #VGX 
That’s $655M of exposure! “We don’t participate in DeFi lending…we just loan $655M of customer funds to those that do” #VGXheros #VGX Show this thread
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Seems like this won’t be a revolving LOC, eh? By my math, we’ll be taking the full $500B and then some at these 5% terms.
Glad to know the gaping hole is mostly covered, but man- this is a major dent to trust.
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Oops- meant millions not billions… either way this is fukt
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