VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Ethereum Founder Vitalik Buterin Taunts Three Arrows Capital CEO

admin by admin
June 27, 2022
in IT news
0
Ethereum-Gründer Vitalik Buterin
0
SHARES
40
VIEWS
Share on FacebookShare on Twitter

Even more embarrassing than showing off with a luxury yacht, is showing off with a luxury yacht that does not belong to you. As a Terra whistleblower who calls himself a “FatMan” wants to have heard from a “verified source”, Zhu Su, CEO of the hedge fund Three Arrows Capital (3AC), is said to have borrowed money from a “superyacht” to brag to investors about it.

”A verified source confirmed that Zhu Su owned a mega yacht worth $ 50 million, which he showed to friends and potential investors to demonstrate his luxurious wealth,” FatMan said. “This yacht was bought with borrowed money, and 3AC was not able to pay her beyond the deposit”.

Terra-Chaos drags hedge funds down

Three Arrows Capital was one of the largest investors in the crypto market. Triggered by the Terra crash, however, 3AC is said to have fallen into financial difficulties. The hedge fund had staked large sums in UST and LUNA tokens, the loss is said to be in the billions.

There is already speculation as to whether the hedge fund is facing insolvency. Three Arrows Capital is said to have been unable to cover the purchase of the luxury yacht.

Ethereum Founders Set Up to Joke

Vitalik Buterin took this as an opportunity to amuse himself on Twitter about Zhu Su. ”There are far more honorable ways to burn $50 million to impress people than buying a superyacht,” the Ethereum founder said. As an option, Buterin called participation in the Web 3.0 project Gitcoin.

Buterin: ”As a social movement, we should try to realize visions like this, and not just repeat the unimaginative crap of the 20th century, only with ourselves at the top”. Jokingly, Buterin added that ”all donors to the Gitcoin matching pool deserve big, beautiful statues in the metaverse in honor of their contributions”.

You want to buy Ethereum (ETH)?

This is possible, among other things, via eToro. eToro offers investors, from beginners to experts, a comprehensive crypto trading experience on a powerful yet user-friendly platform.

Previous Post

Permira and H&F acquire Zendesk for ten billion dollars

Next Post

Instagram, Twitter and Ebay introduce NFTs – despite market slump

admin

admin

Related Posts

How to Grow a YouTube Channel with ScaleLab
IT news

How to Grow a YouTube Channel with ScaleLab: Effective Strategies for Creators

February 4, 2025
Sticker mockups
IT news

Sticker mockups: how to visualize your ideas professionally and efficiently

January 13, 2025
Ways to Get Free Senegal Proxies for Work and Surfing
IT news

Ways to Get Free Senegal Proxies for Work and Surfing

December 24, 2024
Crypto Betting Frontiers
IT news

Crypto Betting Frontiers: The 2025 Landscape

December 6, 2024
iGaming Marketing Trends for 2025
IT news

iGaming Marketing Trends for 2025: Adapting to a Rapidly Changing Landscape

December 5, 2024
Next Post
Instagram, Twitter and Ebay introduce NFTs – despite market slump

Instagram, Twitter and Ebay introduce NFTs - despite market slump

Premium Content

Comparison of JavaScript frameworks and libraries

Comparison of JavaScript frameworks and libraries

January 29, 2022
Tech investor with a loss of 23 billion euros

Tech investor with a loss of 23 billion euros

August 8, 2022
How Windows PC and Android Phone Come Together

How Windows PC and Android Phone Come Together

April 25, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • How to Grow a YouTube Channel with ScaleLab: Effective Strategies for Creators
  • Sticker mockups: how to visualize your ideas professionally and efficiently
  • Ways to Get Free Senegal Proxies for Work and Surfing

© 2023 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2023 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?