Rabbit Hole Recap #233: A Final Recap For The Rollercoaster Of A Year That Was 2022
Rabbit Hole Recap
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A6 Collateralized Loans - Are They Dumping in Price?
Galaxy appears to have turned one of their A6 collateralized loans that went sour into a distress deal that they now control. If you're going to provide an A6 loan, at least have the A6 hosted in your own facility because if Argo defaults on this loan, they just point those A6 at their pool account instead of Argo's pool account and they just continue running. NIDIG taking minors from Greenwich that were being used collateral for loan. They basically just took possession of them and kept them hosted at Greenwich facility in New York. So it seems like this was a clean deal for Galaxy as well.
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