BTC

$95626.21

-1.66%

ETH

$3307.469

-1.15%

XRP

$2.229

-0.90%

BNB

$653.389

-1.31%

News

Alameda Once Borrowed 3AC $200 Million With The Promise Of “High Return No Risk”?

November 13, 2022 - Around 2 mins mins to read
3AC, the crypto hedge fund that crashed in the aftermath of Luna, but also partly from the Sam Bankman-Fried empire company itself, Alameda.
Alameda Once Borrowed 3AC $200 Million With The Promise Of "High Return No Risk"?

A tweet revealed the story that happened a long time ago between Su Zhu, the 3AC co-founder, in the Alameda 2019 Telegram chat box. The talk mentioned that FTX’s sister company had borrowed $200 million from 3AC at an interest rate of 15%.

Core contributor of Alliance DAO, Qiao Wang at that time, also praised Alameda Research’s share was 1st in the market.

Alameda Once Borrowed 3AC $200 Million With The Promise Of "High Return No Risk"?
Source: Wu Blockchain

Recently, Su Zhu also suddenly commented on the collapse of FTX, but this issue was not mentioned to him.

It seems that a “circle” between 3AC from when it was said to be crushed by Sam’s empire to when FTX also followed in its footsteps has been formed.

SBF, was a philanthropist when he extended his hand to help companies in the industry during the crisis caused by Luna. However, Sam “abandoned” 3AC, and then the crisis of Alameda also caused the collapse of FTX.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

3AC

Alameda

FTX

Sam Bankman-Fried

SBF

Su Zhu

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Alameda Once Borrowed 3AC $200 Million With The Promise Of “High Return No Risk”?

3AC, the crypto hedge fund that crashed in the aftermath of Luna, but also partly from the Sam Bankman-Fried empire company itself, Alameda.
Alameda Once Borrowed 3AC $200 Million With The Promise Of "High Return No Risk"?

A tweet revealed the story that happened a long time ago between Su Zhu, the 3AC co-founder, in the Alameda 2019 Telegram chat box. The talk mentioned that FTX’s sister company had borrowed $200 million from 3AC at an interest rate of 15%.

Core contributor of Alliance DAO, Qiao Wang at that time, also praised Alameda Research’s share was 1st in the market.

Alameda Once Borrowed 3AC $200 Million With The Promise Of "High Return No Risk"?
Source: Wu Blockchain

Recently, Su Zhu also suddenly commented on the collapse of FTX, but this issue was not mentioned to him.

It seems that a “circle” between 3AC from when it was said to be crushed by Sam’s empire to when FTX also followed in its footsteps has been formed.

SBF, was a philanthropist when he extended his hand to help companies in the industry during the crisis caused by Luna. However, Sam “abandoned” 3AC, and then the crisis of Alameda also caused the collapse of FTX.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News