Who nukes the market

Bad news, guys!

The crypto market is about to be nuked by...

https://twitter.com/Ishanb22/status/1594453238455341056

DCG or Digital Currency Group, which owned most of the Bitcoin in their portfolio, failed in their investment management.

https://twitter.com/ramahluwalia/status/1594437184437764098

The market is about to know what is exactly going on in Genesis Trading with $1B at least hole.

https://twitter.com/mayazi/status/1594325042183405568

If DCG leveraged their portfolio through Grayscale trusts and lent money to Genesis, and then all money was gone, this is another FTX disaster of their own issued token $FTT that cannot be redeemed when the market finds out.

Someone did confirm around 50% truth about their Bitcoin holdings under Coinbase.

https://twitter.com/ErgoBTC/status/1594308379182305280

But their "trust me, bro" vibe got everyone nervous.

https://twitter.com/Grayscale/status/1593737739442200578

It gives everyone a Deja Vu that SBF gave everyone before FTX collapsed...

https://twitter.com/SBF_FTX/status/1590012126701441025

The way crypto lending business was conducted is very questionable.

https://twitter.com/FatManTerra/status/1594453328393633792

We will see how it plays out for the next week...