FatMan: 3AC Borrowed Money From Multiple Funds and Counterparties and Put It Into Anchor to Generate Yield

Jun 17,2022
KingData News: Terra Research Forum member FatMan tweeted, "A verified source has confirmed that 3AC borrowed money from multiple funds and counterparties and put it into Anchor to generate yield without telling them. Their UST position was confirmed to be at least nine figures before the Terra depegging event." FatMan said that more counterparties have reached out confirming that 3AC offered them various treasury management plans - a few openly included Anchor, but most didn't. 3AC also had exposure to USDD and they were forced to sell their position earlier this week triggering a small depeg.
On June 13, Zhu Su, co-founder of Three Arrows Capital, has removed ETH, AVAX, LUNA, SOL, NEAR, MINA and other Tokens from his Twitter profile. On June 15, sources revealed that the total liquidation amount of Three Arrows Capital on Deribit, BlockFi and other lending platforms was up to $400 million. This indicator provides a real-time tracking of news reports on Three Arrows Capital's liquidity crisis.
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