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by raziel2701
1200 days ago
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We don't know yet, we're slowly finding out who had exposure to what and how things are interconnected. It's a complicated machine and we'll probably know only after the fact. There's a lot of damage control messaging going on right now, and that actually makes me feel more bearish: All rumors are false until officially denied. Right now we're dealing with the psychology of markets, if a large enough group of people get scared and want their money out, there's no amount of assurance that can stop that. They will only be appeased once they know their money is safe with them. |
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Even officially denied rumors can be true. See FTX ensuring panicking users that they were very much liquid, days (hours?) before they announced bankruptcy