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.