Terra researcher FatMan claimed on social media that, according to verifiable sources, Three Arrows had borrowed from multiple funds and counterparties and put it into Anchor to generate income without the knowledge of most of the lenders.
Before LUNA fell sharply, Three Arrows Capital held at least hundreds of millions of UST.
Meanwhile, Three Arrows Capital has some exposure to USDD after a small decoupling of USDD may be related to its sell-off. In addition, Three Arrows Capital also defaulted on a large amount of debt to BitMEX.
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