Adam Cochran, partner at Cinneamhain Ventures, discusses the impact of 3AC’s impending liquidation. Show topics: <ul> <li style="font-weight: 400;" aria-level="1">why 3AC founders (and family members) are listing themselves as creditors</li> <li style="font-weight: 400;" aria-level="1">what the “corporate veil” is and why it matters regarding 3AC</li> <li style="font-weight: 400;" aria-level="1">where retail investors stand in the pecking order of creditors </li> <li style="font-weight: 400;" aria-level="1">why Adam doesn’t believe we know the full story about 3AC’s downfall, despite liquidators leaking a 1,000-page report about it</li> <li style="font-weight: 400;" aria-level="1">what creditors might do with 3AC’s yacht</li> <li style="font-weight: 400;" aria-level="1">why Adam is less worried about the health of GBTC in light of recent 3AC filings</li> <li style="font-weight: 400;" aria-level="1">what effect 3AC’s fall will have on Genesis and Digital Currency Group</li> <li style="font-weight: 400;" aria-level="1">why creditors might prefer liquidations to be paid out in equity compared to cash in this environment </li> <li style="font-weight: 400;" aria-level="1">how 3AC’s liquidation is impacting retail investors at Voyager and Celsius</li> <li style="font-weight: 400;" aria-level="1">why there could be a crypto credit crunch coming soon</li> </ul> Thank you to our sponsors! 1inch: <a href= "https://1inch.io/">https://1inch.io/</a> <a href="http://crypto.com/">Crypto.com</a>: <a href= "https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021"> https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021</a>    Adam Cochran <ul> <li style="font-weight: 400;" aria-level="1">Twitter: <a href= "https://twitter.com/adamscochran">https://twitter.com/adamscochran</a> </li> </ul>   Coverage <ul> <li style="font-weight: 400;" aria-level="1">Adam Cochran Twitter thread on 3AC liquidation: </li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/adamscochran/status/1543253799929876480"> https://twitter.com/adamscochran/status/1543253799929876480</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Adam Cochran Twitter thread on 3AC contagion:</li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/adamscochran/status/1546477191420170240"> https://twitter.com/adamscochran/status/1546477191420170240</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">3AC founders subpoenaed</li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.theblock.co/post/157141/bankruptcy-court-judge-gives-green-light-to-serve-subpoenas-to-3ac-founders-for-discovery"> https://www.theblock.co/post/157141/bankruptcy-court-judge-gives-green-light-to-serve-subpoenas-to-3ac-fouSubpoenaedders-for-discovery</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">3AC x Genesis relationship</li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.theblock.co/post/158167/crypto-lender-genesis-lent-2-36-billion-to-three-arrows-capital"> https://www.theblock.co/post/158167/crypto-lender-genesis-lent-2-36-billion-to-three-arrows-capital</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">3AC owes creditors $3.5 Billion</li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.theblock.co/post/158169/three-arrows-capital-3ac-creditors-list-3-5-billion-crypto-affidavits"> https://www.theblock.co/post/158169/three-arrows-capital-3ac-creditors-list-3-5-billion-crypto-affidavits</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">3AC liquidation committee</li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2">​​<a href= "https://www.theblock.co/post/158279/three-arrows-capital-3ac-creditors-committee-five-members">https://www.theblock.co/post/158279/three-arrows-capital-3ac-creditors-committee-five-members</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">3AC x <a href= "http://blockchain.com/">Blockchain.com</a> relationship</li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.theblock.co/post/158533/3ac-borrowed-and-repaid-more-than-2-billion-from-blockchain-com-before-outstanding-debt"> https://www.theblock.co/post/158533/3ac-borrowed-and-repaid-more-than-2-billion-from-blockchain-com-before-outstanding-debt</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Deribit liquidation dispute</li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.coindesk.com/markets/2022/07/19/stake-in-crypto-exchange-deribit-becomes-disputed-asset-in-three-arrows-bankruptcy/"> https://www.coindesk.com/markets/2022/07/19/stake-in-crypto-exchange-deribit-becomes-disputed-asset-in-three-arrows-bankruptcy/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">3AC x StarkWare</li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://thedefiant.io/zhu-3ac-starkware/">https://thedefiant.io/zhu-3ac-starkware/</a> </li> </ul> </li> </ul>   Previous Unchained Coverage <ul> <li style="font-weight: 400;" aria-level="1">Wassielawyer on 3AC, Celsius, and Voyager</li> <li style="list-style: none; display: inline;"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/three-crypto-bankruptcies-3ac-celsius-and-voyager-what-happens-now-ep-374/"> https://unchainedpodcast.com/three-crypto-bankruptcies-3ac-celsius-and-voyager-what-happens-now-ep-374/</a></li> </ul> </li> </ul>

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Why 3AC's Collapse Could Spell the Start of a Crypto Credit Crunch - Ep. 376

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