Terra researcher: 3AC borrowed money and put it into Anchor to generate yield without telling

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2 years ago
Topics: Crpto, Lif, Tech, New, Trend

Terra community researcher FatMan tweeted that a verified source has confirmed that 3AC borrowed money from multiple funds and counterparties and put it into Anchor to generate yield without telling them. Their UST position was confirmed to be at least nine figures before the Terra depegging event. 3AC also had exposure to USDD and they were forced to sell their position earlier this week triggering a small depeg. Verified sources have confirmed that 3AC owes a large debt to BitMEX, a popular cryptocurrency exchange.

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