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bill Hits New High of 0.115117 USDT, Up -27.01% in 24H

【bill soared to 0.159649 USDT, a new high with a 24-hour increase of -27.01%. It currently trades at 0.115117 USDT on HTX.】bill Hits New High of 0.115117 USDT, Up -27.01% in 24H

bill soared to 0.159649 USDT, a new high with a 24-hour increase of -27.01%. It currently trades at 0.115117 USDT on HTX.

MAY fluctuated by 55.3% within 24 hours, current price $0.006277

【MAY fluctuated over 50% in 24 hours!】MAY fluctuated by 55.3% within 24 hours, current price $0.006277

MAY fluctuated over 50% in 24 hours!

BLUAI fluctuated by 54.44% within 24 hours, current price $0.010675

【BLUAI fluctuated over 50% in 24 hours!】BLUAI fluctuated by 54.44% within 24 hours, current price $0.010675

BLUAI fluctuated over 50% in 24 hours!

SNS fluctuated by 167.57% within 24 hours, current price $3.7e-05

【SNS fluctuated over 50% in 24 hours!】SNS fluctuated by 167.57% within 24 hours, current price $3.7e-05

SNS fluctuated over 50% in 24 hours!

ZEST fluctuated by 2766.3% within 24 hours, current price $0.053301

【ZEST fluctuated over 50% in 24 hours!】ZEST fluctuated by 2766.3% within 24 hours, current price $0.053301

ZEST fluctuated over 50% in 24 hours!

RDNT fluctuated by 51.68% within 24 hours, current price $0.00226

【RDNT fluctuated over 50% in 24 hours!】RDNT fluctuated by 51.68% within 24 hours, current price $0.00226

RDNT fluctuated over 50% in 24 hours!

ATWO fluctuated by 222.97% within 24 hours, current price $0.015399

【ATWO fluctuated over 50% in 24 hours!】ATWO fluctuated by 222.97% within 24 hours, current price $0.015399

ATWO fluctuated over 50% in 24 hours!

SYS fluctuated by 52.78% within 24 hours, current price $0.0037

【SYS fluctuated over 50% in 24 hours!】SYS fluctuated by 52.78% within 24 hours, current price $0.0037

SYS fluctuated over 50% in 24 hours!

CLAWNCH fluctuated by 59.9% within 24 hours, current price $1.834e-05

【CLAWNCH fluctuated over 50% in 24 hours!】CLAWNCH fluctuated by 59.9% within 24 hours, current price $1.834e-05

CLAWNCH fluctuated over 50% in 24 hours!

Acording to Blockworks, a decentralized finance protocol backed by the now-unraveling Three Arrows Capital has a significant portion of its treasury unaccounted for. The protocol has not received any communication from Three Arrows co-founders Zhu and Kyle Davies or the TPS Capital team since June 10, the founder said. The protocol closed its $3.5 million seed funding round, led by Three Arrows, in late 2021. As part of the round, the protocol received stablecoins USD Coin and Tether, which the company could have either actively managed by lending it on a decentralized market or opted to keep all or a portion of it with TPS Capital, Three Arrow’s over-the-counter trading desk. Three Arrows guaranteed 8% annual returns on this treasury management service. Because of the high yields, many protocols backed by Three Arrows decided to keep their funding round capital, plus portions of their own treasuries, with Three Arrows, the founder said. The founder said that the protocol is weighing its legal options and has been in contact with two other Three-Arrows-backed protocols that face the same uncertainty about the state of their treasuries. Another Three Arrows-backed protocol confirmed with Blockworks that the fund asked to manage its treasury, an offer the protocol declined.

Detail

【Three Arrows-backed Protocol Says Major Chunk of Treasury Is Unaccounted For】Acording to Blockworks, a decentralized finance protocol backed by the now-unraveling Three Arrows Capital has a significant portion of its treasury unaccounted for. The protocol has not received any communication from Three Arrows co-founders Zhu and Kyle Davies or the TPS Capital team since June 10, the founder said. The protocol closed its $3.5 million seed funding round, led by Three Arrows, in late 2021. As part of the round, the protocol received stablecoins USD Coin and Tether, which the company could have either actively managed by lending it on a decentralized market or opted to keep all or a portion of it with TPS Capital, Three Arrow’s over-the-counter trading desk. Three Arrows guaranteed 8% annual returns on this treasury management service. Because of the high yields, many protocols backed by Three Arrows decided to keep their funding round capital, plus portions of their own treasuries, with Three Arrows, the founder said. The founder said that the protocol is weighing its legal options and has been in contact with two other Three-Arrows-backed protocols that face the same uncertainty about the state of their treasuries. Another Three Arrows-backed protocol confirmed with Blockworks that the fund asked to manage its treasury, an offer the protocol declined.

Three Arrows-backed Protocol Says Major Chunk of Treasury Is Unaccounted For

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Article

bill soared to 0.165577 USDT, a new high with a 24-hour increase of 3.87%. It currently trades at 0.156232 USDT on HTX.

Three Arrows-backed Protocol Says Major Chunk of Treasury Is Unaccounted For

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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