Voyagers,
There is nothing more critical to us than our customers. Please know that we are focused on protecting assets and maximizing value for all customers as quickly as possible. (1/3)
We currently have approximately $1.3 billion of crypto assets on our platform, plus claims against Three Arrows Capital of more than $650 million. We also have over $350 million of cash at Metropolitan Commercial Bank. (2/3)
We are doing everything in our power to best serve our customers for the long term. We are actively pursuing a series of strategic alternatives to do just that. Will share more updates as we have them. (3/3)
That money from 3AC is gone and you don’t have the liquidity to repay your customers investments. You gambled with our funds by loaning out to 3AC with no collateral who was investing with high risk leverage.
I’m with you as long this is for the long term and protecting our money and our assets…whatever is needed do it…if we need to have our assets locked to come out of this on the other side…so be it …do the right thing.