RE:RE:RE:RE:RE:Russian Gold ..."bid-coins" are a Great Place to be if one wants a positive possibility of going broke.
Just a bit of whats happening on a broad scale for "bid-coins",, GOLD is the place to be, the place to build build build. Unless you wanna go broke, and "bid-coin" stole away money that would have gone to Metals sector, so there in is another cattalist that favors GOLD,,,, bid-coins are deeply failing. Maybe a few are still standing, but the glamor of bid-coins is very tarnished, Hopefully forever,, my bid-coin wallet was taken/lost to the wind,, go figure,, hint the losses are well into the billions multiple times,,,,,,,makes GOLD look beautiful IMO, so thanks for that CRYPTO Koin,,
3AC was forced into liquidation. Celsius and Voyager filed for Chapter 11 bankruptcy.
The depegging of Terra’s UST coin and the collapse of Celsius and 3AC drove massive losses for investors: $20.5 billion in the case of UST and $33 billion in the case of Celsius and 3AC, according to blockchain security firm Chainalysis.
Factors: Cross-Exposure and Lack of Transparency
This crisis mainly revealed the links and exposure of crypto firms to each other, like the banks during the financial crisis of 2008. The other lesson was the lack of transparency of centralized crypto companies, which are mostly unregulated.
IMO Block Chain teck is the only respectable sector of the crypto Clinick..