ANOTHER CRYPTOCURRENCY EXCHANGE GOES BELLY UP

• The interest in crypto is substantially lower for the masses now compared to 12 months ago. Altcoins slowly bleeding. Exchanges going under. People leaving. CT sentiment is bearish. In this environment, it’s all about surviving. – Route 2fi
• “Crypto has no central bank — no lender or market-maker of last resort with adequate resources — and governments (rightly) don’t see it as systemically important enough to rescue… there’s nothing to prevent much of the market… from going under.” – Kailey Leinz
• Cryptocurrency News: BlockFi files for bankruptcy. The big question with all of these crypto firms going under is what happens to customer funds? The lack of protection for the consumer within the crypto space is worrying. – Poppycock

Crypto shadow bank with exposure to worlds biggest crypto fraud, FTX says it wasn’t exposed to this other exchange that we all knew was going under. https://t.co/u54UBEtEbN

— CryptoSunglasses (@NickDimondi) November 29, 2022