Avalanche: 3AC Has Never Managed, Used or Custodied Any Avalanche Foundation Treasury Funds

Jun 17,2022
KingData News: In a tweet, Avalanche clarified the market speculation arising from the recent liquidation of Three Arrows Capital. "Due to recent speculation, we’d like to clarify that 3AC has never in any way managed, used, or custodied any Avalanche Foundation treasury funds." Avalanche said on Twitter.
On June 13, Zhu Su, co-founder of Three Arrows Capital, has removed ETH, AVAX, LUNA, SOL, NEAR, MINA and other Tokens from his Twitter profile. On June 15, sources revealed that the total liquidation amount of Three Arrows Capital on Deribit, BlockFi and other lending platforms was up to $400 million. This indicator provides a real-time tracking of news reports on Three Arrows Capital's liquidity crisis.
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