@CryptoSorted
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This bear market will kill many projects, especially all those that's been running shady operations and poor cash flow management strategies. Pausing withdrawals, "due to bear market", litrally means "we no longer have your coins", so when you ask to withdraw, we have nothing to send you. This is not FUD, but many of these crypto banks with shady cash flow practices may not survive this bear market. #cryptocurrency #crypto
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That's why crypto needs to be regulated now. Base on what has been happening currently, it will be difficult for crypto enthusiasts to defend the cryptoverse from criticism from those who are into the game. Luna/UST debacle is still fresh in peoples memory. We don't want any more of this exit scam news hovering the cryptoverse.