In the first (bigger case), it was clearly fraud (exit scam) as the CEO sold some coins very cheaply and gave away some crypto to anyone who signed up. The amo

In the first (bigger case), it was clearly fraud (exit scam) as the CEO sold some coins very cheaply and gave away some crypto to anyone who signed up. The amount was 150+ million USD [1]. Second exchange had financial problems likely because they lost some money by keeping their assets in Lira or Dollars. This whole saga will of course cause panic in the "investors" which might cause other dominos to fall in coming weeks. [1] https://twitter.com/tufanpoyrazz/status/1386068710562181130 https://twitter.com/tufanpoyrazz/status/1386068710562181130