nahid133
Elite Member
- May 7, 2011
- 4,570
- 2,500
Tightening my seat belt
3AC confirmed in trouble
- Thread starter bartosimpsonio
- Start date
- Feb 15, 2011
- 598
- 99
3AC risk management was way too poor , leveraging too much and Zhu Su believed in super cycle which didn't happen .
- Mar 21, 2013
- 24,780
- 31,549
Or maybe they all personally got rich as fk and just milked the social media game till they could no longer do?
Both recently liquidated projects seem to have cashed all their crypto before everyone else. It's officially an "accident" but honestly it could be anything. If you were gonna front run the entire markets and cash out ASAP what happened is exactly what you'd do.
Not accusing the aforementioned or anyone, just speculating, but with crypto you never know.
sci0n
Junior Member
- Oct 21, 2021
- 144
- 183
Source?
3AC was an asset management company so I thought it's just what they did to get out easily. 3AC is paid a percentage on the profit they make with investors' money. When they lose money, they can either try to earn a lot of money elsewhere to get back over the value of the investor money they initially started with - but then the'll get paid only a commission on the profit over that initial value. Or they can close the company down and sell everything and then start a new asset management company with what's left of the investor money after liquidation. This way they get paid a percentage on the profit from the low value (after liquidation) so they earn much better for the same amount of work.
- Feb 15, 2011
- 598
- 99
This can be a possibility as well , they would have pocketed a lot during bull their tweets were making btc and eth move 4-5% .
LuckyGamble
Banned - Multiple Rules Violations
- Apr 14, 2022
- 1,047
- 1,028
- Mar 21, 2013
- 24,780
- 31,549
Slightly WTF Update
3AC cofounder is claiming he's a creditor to his own fund
3AC cofounder is claiming he's a creditor to his own fund
His partner's wife has a 65 million claim as well
- Mar 21, 2013
- 24,780
- 31,549
They wanna get paid after all they put us through lol. Who knows, it might work.