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Three Arrows founders break silence on what caused the fund's collapse

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by COINS NEWS 152 Views

When are people going to start being fucking honest about exchanges going bankrupt?

These aren't simply exchanges going under and to suggest that means either you're lying or don't know what you're talking about.

Dozen, if not hundreds, of exchanges didn't go under. You know, the ones who weren't running risky strategies in the background.

Who went under? Businesses who used risky strategies to try to make money while at the same time paying dumb / gullible people high rates that were "guaranteed" (lol). These same businesses also had exchanges.

So to beat this horse to death because people don't seem to get it, if you have an "exchange" like Celsius who is clearly doing risky shit and won't disclose actually what they're doing and articles come out questioning their actions and they get banned by state governments from operating because they aren't transparent, take the warning and don't act surprised when they blow up.

If you have an exchange who isn't doing this kind of shit and isn't in the news for the wrong reasons you're likely ok


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