Why 3AC's Collapse Could Spell the Start of a Crypto Credit Crunch - Ep. 376

Published: July 22, 2022, 7:30 a.m.

Adam Cochran, partner at Cinneamhain Ventures, discusses the impact of 3AC\u2019s impending liquidation. Show topics:\n why 3AC founders (and family members) are listing themselves as creditors\n what the \u201ccorporate veil\u201d is and why it matters regarding 3AC\n where retail investors stand in the pecking order of creditors\xa0\n why Adam doesn\u2019t believe we know the full story about 3AC\u2019s downfall, despite liquidators leaking a 1,000-page report about it\n what creditors might do with 3AC\u2019s yacht\n why Adam is less worried about the health of GBTC in light of recent 3AC filings\n what effect 3AC\u2019s fall will have on Genesis and Digital Currency Group\n why creditors might prefer liquidations to be paid out in equity compared to cash in this environment\xa0\n how 3AC\u2019s liquidation is impacting retail investors at Voyager and Celsius\n why there could be a crypto credit crunch coming soon\n Thank you to our sponsors! 1inch: https://1inch.io/\n Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\xa0\n \xa0\n Adam Cochran Twitter: https://twitter.com/adamscochran\xa0\n \xa0\n Coverage Adam Cochran Twitter thread on 3AC liquidation:\xa0\n https://twitter.com/adamscochran/status/1543253799929876480\n \n Adam Cochran Twitter thread on 3AC contagion:\n https://twitter.com/adamscochran/status/1546477191420170240\n \n 3AC founders subpoenaed\n \n https://www.theblock.co/post/157141/bankruptcy-court-judge-gives-green-light-to-serve-subpoenas-to-3ac-fouSubpoenaedders-for-discovery\xa0\n \n 3AC x Genesis relationship\n https://www.theblock.co/post/158167/crypto-lender-genesis-lent-2-36-billion-to-three-arrows-capital\n \n 3AC owes creditors $3.5 Billion\n https://www.theblock.co/post/158169/three-arrows-capital-3ac-creditors-list-3-5-billion-crypto-affidavits\n \n 3AC liquidation committee\n \u200b\u200bhttps://www.theblock.co/post/158279/three-arrows-capital-3ac-creditors-committee-five-members\xa0\n \n 3AC x Blockchain.com relationship\n \n https://www.theblock.co/post/158533/3ac-borrowed-and-repaid-more-than-2-billion-from-blockchain-com-before-outstanding-debt\xa0\n \n Deribit liquidation dispute\n https://www.coindesk.com/markets/2022/07/19/stake-in-crypto-exchange-deribit-becomes-disputed-asset-in-three-arrows-bankruptcy/\n \n 3AC x StarkWare\n \nhttps://thedefiant.io/zhu-3ac-starkware/\xa0\n \n \xa0\n Previous Unchained Coverage Wassielawyer on 3AC, Celsius, and Voyager\n https://unchainedpodcast.com/three-crypto-bankruptcies-3ac-celsius-and-voyager-what-happens-now-ep-374/\n \n \nLearn more about your ad choices. Visit megaphone.fm/adchoices