CREW TECH OFFICIAL Crypto Thread (or you can check out the stonks thread for crypto talk too lmaooo)

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fuck them kids
OT Supporter
Feb 26, 2005
32,474
an offshore haven somewhere
:rofl:

People have to be out of their minds to be lending these companies any money
if genesis is this distressed i really wonder how dcg is going to fare
supposedly silvergate is the backstop, but im even hearing rumblings that they weren't immune to this shitshow either

it was interesting to see gemini halt withdrawals yesterday only to resume it a while later, idk if any other entity that had a service interruption like that can say they didn't subsequently go under
 

Hisma

OT Supporter
Apr 2, 2006
53,191
Reno, NV
as said earlier, i can't see how any crypto company could raise 9 figures in this current environment. Seems like you either have enough assets to cover your liabilities, or you're done.
 
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EdgeOfSanity

OT Supporter
Sep 5, 2003
40,923
Houston, Tx
at least we're really shaking a lot of bullshit out of the industry. maybe in the long run it'll be for the best... idk
It is absolutely for the best, burn it to the ground. This is centralized finance masquerading as crypto with no regulations, guardrails, or safety nets. It's a shame that so many people who have no idea what they're doing end up as collateral damage. Not to mention the damage done to the public's perception of crypto in general.
 

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