Once Bitten! A Bitcoin Podcast. cover image

@edstromandrew - @Croesus_BTC - Watching Crypto Land Self-Destruct. #316

Once Bitten! A Bitcoin Podcast.

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The Three Arrows Cat Tool Founders

The founders of 3ac now the founders of the latest crypto exchange can collect fees on every stupid decision that you are lured into by them. They were big time underwater on the gbtc arbitrage trade they were the number one holders of gbtc um so they'd plowed a bunch of money in that when there was a premium and then and then suddenly that premium evaporated at a discount. Then they got really screwed byUm the terra luna stuff Um and they hadn't done their diligence enough to not trust dokwan in this promise of infinite yield uh there's always yield so long as you're playing with the levers, he says. The company is trying to raise

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