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Wait will the forced liquidation crush a large part of crypto ?


Well… your anchors of eth and btc are down about 25% in the last few days. And their reported “assets” are huge chunks of the total market value for a lot of these tiny sketch coins. So yeah, I expect its going to be rough when this get liquidated or it simply turns out your counterparties are actually the sketchy exchanges who dont have anything to back it up.


There isn't much there to liquidate that still has any worth. They didn't have significant holdings of any of the major assets. That's kind of the main reason they were insolvent.


They also had this “hack” a day or two ago so it’s unclear what is left




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