Is that literally the case though? Or is it that if the price crumbles the whale will be able to pay back the loan for pennies on the dollar because they need

Is that literally the case though? Or is it that if the price crumbles the whale will be able to pay back the loan for pennies on the dollar because they need to repay in the crashed tokens? One way was a really good bet and having their tokens confiscated to ensure they don’t benefit is probably outright fraud while the other way is just a bankruptcy where confiscating their tokens is probably outright fraud unless they have a previous contractual agreement which states it is permissible. Hard to tell what is happening in the cryptocurrency space because too many people have an agenda to just state the facts. —edit— Or a loan which may or may not need to be liquidated at some future point and they seized the collateral “just in case” like pre-crime.