Good day Defiers! Completely satisfied weekend!
It was a story of two crypto worlds this week. One was engulfed by anxiousness, threats, and numerous ghosting. The disaster at Three Arrows Capital and extra broadly in crypto lending really hit dwelling. Fears ran excessive that the $10B hedge fund was poised to default on its mammoth debt load. Sam Haig reported a scoop on how the fund was ghosting Kyber Community, prompting its co-founder to decry the ‘misplaced belief’ between the 2 onetime companions and to threaten authorized motion if Three Arrows didn’t reply to its entreaties.
The threats didn’t finish there. Aleks Gilbert wrote about Voyager Digital’s extraordinary ultimatum to Three Arrows to pay $658M in debt by June 27 or face default. Yikes.