
An AI data center firm just raised $25 million, but 90% of it vanishes in days to pay off one massive loan
Principal alone would absorb 89.5% of headline gross proceeds, while the warrant structure can add 11.7 million shares.
Track debt-related crypto news, leverage risks, credit exposure, and how liabilities affect markets, firms, and on-chain systems.

The Aug. 5 bill-coupon mix will show whether financing pressure reaches Bitcoin-sensitive risk appetite or leaves reserves stable.

Poolin’s 11,700 wallet creditors still face separate debtor estates, competing claims, and court costs before any recovery can be calculated.

The bridge allowed payment through Aug. 1, while the proposed Arch facility's BTC amount, LTV and liquidation terms remained undisclosed.

The original FET-backed notes are gone, while a separate $2 million secured note arrived in July.

Tether’s attestations imply a $4.2 billion Q2 financial hit, cutting its reserve cushion to $4.1 billion, or 2.2% of liabilities.

LlamaRisk would freeze new activity, redirect nearly all interest revenue to the treasury, and reserve stronger unwind levers for later.



