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A comment on Vauld suspends all withdrawals, trading and deposits on the platform. Parent comment

Re:Vauld suspends all withdrawals, trading and deposits on t... by karatinversion on Monday July 04, 2022 @03:49AM (#31974551)
Funny how it goes with the entities that talk like banks but are set up as regulatory bypasses
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Re:Vauld suspends all withdrawals, trading and deposits on t... by JimmyRuska on Monday July 04, 2022 @04:16AM (#31974716)
They attack banks as being poor investments, and position themselves as the modern way to get better yields

https://twitter.com/mashinsky/status/1430874984692555781

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Re:Vauld suspends all withdrawals, trading and deposits on t... by JetSpiegel on Monday July 04, 2022 @06:32PM (#31982406)
https://twitter.com/CelsiusNetwork/status/153616901087773900...

> @CelsiusNetwork is pausing all withdrawals

It's the CIIIRCLE of LIFE!

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Re:Vauld suspends all withdrawals, trading and deposits on t... by hotpotamus on Monday July 04, 2022 @09:23AM (#31976744)
I used to think all these guys were brilliant predators. I've updated my thinking in that I allow for the possibility that some are dumb predators but I can't tell the difference.
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Re:Vauld suspends all withdrawals, trading and deposits on t... by JimmyRuska on Monday July 04, 2022 @11:24AM (#31978041)
It's a ponzi. The goal is to grow as fast as possible before a liquidity crunch makes you go insolvent. But the main goal was always to get that payday after bankruptcy steals the user funds.
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