If it took a single twitter thread to induce a bank(exchange) run, then we really are early. The "bad kind" of early.

All of this is from a single tweet (thread) from a CEO of a competitor exchange, Binance - https://twitter.com/cz_binance/status/1589283421704290306?cxt=HHwWhIDQ4cC2oo4sAAAA. CZ didn't even say anything about insolvency initially, it's just that he's against

FTX might not even really be insolvent for all we know, but the fact that they can't accomodate people that are taking out their crypto from them is pretty alarming. They might have their funds and assets invested someplace else and now they had to pull it out just to accomodate the withdrawals. I hate to say this but this rarely happens in major financial institutions, they do happen but it requires an economic crisis to trigger this, and not a single tweet from a competitor.

Now withdrawals are halted for "maintenance". This sub js quite annoying but I can't deny the fact that this sub shares helpful incites - "not your keys, not your crypto".

We are indeed too early, too early perhaps to even be mainstream?

Edit: Anyway withdrawals are back again i guess?

https://etherscan.io/address/0x2faf487a4414fe77e2327f0bf4ae2a264a776ad2

https://etherscan.io/address/0xc098b2a3aa256d2140208c3de6543aaef5cd3a94

https://etherscan.io/address/0x7abe0ce388281d2acf297cb089caef3819b13448