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Not really disputing that, just mentioning that it may well have been a well coordinated targeted attack. If they're dead, then it was a successful attack, and
by BLKNSLVR 4y ago
Not really disputing that, just mentioning that it may well have been a well coordinated targeted attack. If they're dead, then it was a successful attack, and notice should be taken by all industry players as to whose accurately swinging baseball bats at their perceived enemies / competitors.
Mergers and acquisitions by bankruptcy proceedings and the consolidation of power by the already powerful. Somewhat ironic if that's the case, playing out in the cryptocurrency arena.
- happyopossum 4y ago> just mentioning that it may well have been a well coordinated targeted attack What kind of “attack” are you imagery that made them insolvent (or close enough to it)? They’re not uniquely impacted by any particular crypto crashes, so it’s hard to see how something could have been engineered to take them out.
- BLKNSLVR 4y agoI can only provide an oversimplified explanation, but the mass-selling of particular assets to which Celsius is over-exposed in order to trigger price dumping and therefore asset liquidations. stETH as the primary vector. There may also be a Celsius-token short-squeeze being coordinated in order to help Celsius maintain some level of perceived value. Who knows the reality, but it's interesting in a financial-trickery context.
- cuteboy19 4y agoWhy must it have been an attack? And even so why don't Celcius take responsibility? When 2008 happened did we blame Mr. Burry for his big short or did blame the banks for taking such obscene risks in the first place?