So turns out the biggest criminal in the space is not the guy leveraging mixers or using privacy coins, but the pro regulation,
10 Nov 2022, 23:17
So turns out the biggest criminal in the space is not the guy leveraging mixers or using privacy coins, but the pro regulation, pro censorship, anti privacy guy who leveraged customer assets to cover his own discretionary trading, leaving them in a $10b hole🤯
6) My sense before:
Leverage: 0x
USD liquidity ready to deliver: 24x average daily withdrawals
Actual:
Leverage: 1.7x
Liquidity: 0.8x Sunday's withdrawals
Because, of course, when it rains, it pours. We saw roughly $5b of withdrawals on Sunday--the largest by a huge margin.