Adam Cochran, partner at Cinneamhain Ventures, discusses the impact of 3AC’s impending liquidation. Show topics:
- why 3AC founders (and family members) are listing themselves as creditors
- what the “corporate veil” is and why it matters regarding 3AC
- where retail investors stand in the pecking order of creditors
- why Adam doesn’t believe we know the full story about 3AC’s downfall, despite liquidators leaking a 1,000-page report about it
- what creditors might do with 3AC’s yacht
- why Adam is less worried about the health of GBTC in light of recent 3AC filings
- what effect 3AC’s fall will have on Genesis and Digital Currency Group
- why creditors might prefer liquidations to be paid out in equity compared to cash in this environment
- how 3AC’s liquidation is impacting retail investors at Voyager and Celsius
- why there could be a crypto credit crunch coming soon
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Adam Cochran
Coverage
- Adam Cochran Twitter thread on 3AC liquidation:
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- Adam Cochran Twitter thread on 3AC contagion:
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- 3AC founders subpoenaed
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- 3AC x Genesis relationship
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- 3AC owes creditors $3.5 Billion
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- 3AC liquidation committee
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- 3AC x Blockchain.com relationship
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- Deribit liquidation dispute
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- 3AC x StarkWare
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Previous Unchained Coverage
- Wassielawyer on 3AC, Celsius, and Voyager
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