
SLP451 Dissecting cRyPtO Scams and Outlook for 2023 with Brad Mills
Stephan Livera Podcast
00:00
Tether's Bitcoin Was Liquidated on the State Deeth and That's What Happened With Terra Luna and Three Hours Capital
Tether was able to liquidate a billion or more dollars worth of um celsius's btc that they had when shit was hitting the fan. Three hours capital and genesis as well there was all this sort of similar like gents three hours capital gets unsecured loans and then they buy gbtc. They put their gbtc up as collateral with genesis which berry silver group owns and give them a loan. The two big huge scam whales were getting liquidated on all their bitcoin loans because that's the most deepest liquid pair if they tried to liquidate them on the state deeth it wouldn't have gotten them as much value back.
Play episode from 52:26
Transcript


