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In the ending days of Mt Gox's meltdown, prices went up up up for quite a few digital assets, until they didn't. Basically the shady exchanges are insolvent an
by overtonwhy 5y ago
In the ending days of Mt Gox's meltdown, prices went up up up for quite a few digital assets, until they didn't.
Basically the shady exchanges are insolvent and they stop cashing out real money, so peoples' only chance to cash out is to buy crypto and transfer it out, driving up crypto pricing on the insolvent exchanges, that greedy people try to arbitrage.