Since sharing this post. #Genesis filed for bankruptcy. #Nexo was fined $45M by SEC.
28 Jan 2023, 18:08
Since sharing this post;
#Genesis filed for bankruptcy
#Nexo was fined $45M by SEC
@Midas_platform announced they will shut down their platform after a $63.3M deficit.
The fall of dominoes in the #CeFi space continues, taking down more victims and unfortunate stories. 👇
FTX ''accidentally'' lost over $8B of user funds.
#BlockFi & #Celsius declared bankruptcy with a dozen others.
It's clear that #CeFi doesn't work, and it's time to switch to #DeFi with insurance to stay safe from:
🟥Bankruptcies, insolvencies, hacks, #stablecoin risks, & more.