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Off-Chain 6/24/22: The Solana Smartphone, a $52mm Superyacht, and SBF Saves the Day (again).

The Decrypting Crypto Podcast

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Liquidity Issues for Three a C

Three a c was forced to sell over 60 thousand in lito staked eth ouch this was happening. At the same time, it was revealed that three a c as leveraged along everywhere. It turns out they borrow from almost every major len er in the crypto space. They had bought 560 million dollars worth of locked luna, and then that position collapsed to 600 dollarseasiy. And where did they get some cash to to fund that exposure? We yas, they got it from celsius and blockfy, nexo, bit mex - what's happening to them right now? While celsius nearly just block fire nearly just collapsed next so as going to be

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