Re:Crypto dominoes fall in the wake of FTX's collapse
by monkmartinez on Thursday November 17, 2022 @12:24PM
(#33642308)
I totally agree... crazy times in the past few years. I have heard that some people were able to borrow against their "wealth" (stock holdings, crypto holdings, vested ownership shares) for homes, cars, boats and more since Covid. If their "wealth" suddenly evaporates in the form of losses, they find themselves on the wrong side of the trade. Super duper risky and the appetite for these "products" was immense from what I understand.
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