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

Adam Cochran, partner at Cinneamhain Ventures, discusses the impact of 3AC’s impending liquidation. Show topics:
why 3AC founders (and family members) are listing themselves as creditors
what the “corporate veil” is and why it matters regarding 3AC
where retail investors stand in the pecking order of creditors 
why Adam doesn’t believe we know the full story about 3AC’s downfall, despite liquidators leaking a 1,000-page report about it
what creditors might do with 3AC’s yacht
why Adam is less worried about the health of GBTC in light of recent 3AC filings
what effect 3AC’s fall will have on Genesis and Digital Currency Group
why creditors might prefer liquidations to be paid out in equity compared to cash in this environment 
how 3AC’s liquidation is impacting retail investors at Voyager and Celsius
why there could be a crypto credit crunch coming soon
Thank you to our sponsors! 1inch: https://1inch.io/
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 
 
Adam Cochran Twitter: https://twitter.com/adamscochran 
 
Coverage Adam Cochran Twitter thread on 3AC liquidation: 
https://twitter.com/adamscochran/status/1543253799929876480

Adam Cochran Twitter thread on 3AC contagion:
https://twitter.com/adamscochran/status/1546477191420170240

3AC founders subpoenaed

https://www.theblock.co/post/157141/bankruptcy-court-judge-gives-green-light-to-serve-subpoenas-to-3ac-fouSubpoenaedders-for-discovery 

3AC x Genesis relationship
https://www.theblock.co/post/158167/crypto-lender-genesis-lent-2-36-billion-to-three-arrows-capital

3AC owes creditors $3.5 Billion
https://www.theblock.co/post/158169/three-arrows-capital-3ac-creditors-list-3-5-billion-crypto-affidavits

3AC liquidation committee
​​https://www.theblock.co/post/158279/three-arrows-capital-3ac-creditors-committee-five-members 

3AC x Blockchain.com relationship

https://www.theblock.co/post/158533/3ac-borrowed-and-repaid-more-than-2-billion-from-blockchain-com-before-outstanding-debt 

Deribit liquidation dispute
https://www.coindesk.com/markets/2022/07/19/stake-in-crypto-exchange-deribit-becomes-disputed-asset-in-three-arrows-bankruptcy/

3AC x StarkWare

https://thedefiant.io/zhu-3ac-starkware/ 

 
Previous Unchained Coverage Wassielawyer on 3AC, Celsius, and Voyager
https://unchainedpodcast.com/three-crypto-bankruptcies-3ac-celsius-and-voyager-what-happens-now-ep-374/


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Adam Cochran, partner at Cinneamhain Ventures, discusses the impact of 3AC’s impending liquidation. Show topics:

why 3AC founders (and family members) are listing themselves as creditors what the “corporate veil” is and why it matters regarding 3AC where retail investors stand in the pecking order of creditors  why Adam doesn’t believe we know the full story about 3AC’s downfall, despite liquidators leaking a 1,000-page report about it what creditors might do with 3AC’s yacht why Adam is less worried about the health of GBTC in light of recent 3AC filings what effect 3AC’s fall will have on Genesis and Digital Currency Group why creditors might prefer liquidations to be paid out in equity compared to cash in this environment  how 3AC’s liquidation is impacting retail investors at Voyager and Celsius why there could be a crypto credit crunch coming soon Thank you to our sponsors!

1inch: https://1inch.io/

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 

 

Adam Cochran Twitter: https://twitter.com/adamscochran 

 

Coverage Adam Cochran Twitter thread on 3AC liquidation:  https://twitter.com/adamscochran/status/1543253799929876480 Adam Cochran Twitter thread on 3AC contagion: https://twitter.com/adamscochran/status/1546477191420170240 3AC founders subpoenaed
https://www.theblock.co/post/157141/bankruptcy-court-judge-gives-green-light-to-serve-subpoenas-to-3ac-fouSubpoenaedders-for-discovery  3AC x Genesis relationship https://www.theblock.co/post/158167/crypto-lender-genesis-lent-2-36-billion-to-three-arrows-capital 3AC owes creditors $3.5 Billion https://www.theblock.co/post/158169/three-arrows-capital-3ac-creditors-list-3-5-billion-crypto-affidavits 3AC liquidation committee ​​https://www.theblock.co/post/158279/three-arrows-capital-3ac-creditors-committee-five-members  3AC x Blockchain.com relationship
https://www.theblock.co/post/158533/3ac-borrowed-and-repaid-more-than-2-billion-from-blockchain-com-before-outstanding-debt  Deribit liquidation dispute https://www.coindesk.com/markets/2022/07/19/stake-in-crypto-exchange-deribit-becomes-disputed-asset-in-three-arrows-bankruptcy/ 3AC x StarkWare
https://thedefiant.io/zhu-3ac-starkware/ 

 

Previous Unchained Coverage Wassielawyer on 3AC, Celsius, and Voyager https://unchainedpodcast.com/three-crypto-bankruptcies-3ac-celsius-and-voyager-what-happens-now-ep-374/

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