Gennadi Tschernow

Serial-Entrepreneur based in Berlin and the world

[Miles Deutscher @milesdeutscher]

We're witnessing the biggest leverage reset in crypto history.

One of crypto's largest VCs 3AC is facing insolvency, which could spell disaster for the entire space.

🧵: The ULTIMATE thread on what led to the downfall of 3AC, and what it means for the future of crypto. 👇

[CryptoPunks Bot @cryptopunksbot]

Punk 5822 bought for 8,000 ETH ($23,702,160.16 USD) by 0x69c488 from 0x7eb28b. https://t.co/n9OIDRY3WB #cryptopunks #ethereum