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FtAlphaville does The Crypt.
The grim reaper is stalking crypto markets. No degen is safe. These unfortunate souls have already heard knocks on their door. Who will be next?
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16 May 2022 – “The crypto financial market is full of opportunities and hidden risks” — Del Wang, Babel CEO
17 June 2022 – “Recently, the crypto market has seen major fluctuations, and some institutions in the industry have experienced conductive risk events. Due to the current situation, Babel Finance is facing unusual liquidity pressures. We are in close communication with all related parties on the actions we are taking in order to best protect our customers. During this period, redemptions and withdrawals from Babel Finance products will be temporarily suspended, and resumption of normal service be notified separately. We apologise sincerely for any inconvenience caused.”
12 June 2022:
Why do you have so many enemies?
— Epic Texan (@EpicTexan) June 11, 2022
13 June 2022 – “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honour, over time, its withdrawal obligations.”
14 June 2022:
— Finblox (@finblox) June 15, 2022
16 June 2022:
IMPORTANT UPDATE FROM FINBLOX! pic.twitter.com/VjclRMMiSe
— Finblox (@finblox) June 16, 2022
8 May 2022:
So, is this $UST depeg in the room with us right now?
I prescribe 24 hours of pegging over the next 7 days pic.twitter.com/GsBss7ACit
— Do Kwon 🌕 (@stablekwon) May 8, 2022
14 May 2022:
1/ I’ve spent the last few days on the phone calling Terra community members – builders, community members, employees, friends and family, that have been devastated by UST depegging.
I am heartbroken about the pain my invention has brought on all of you.
— Do Kwon 🌕 (@stablekwon) May 13, 2022
Three Arrows Capital
7 May 2022:
Couple more liquidations then up only
— Kyle Davies 🔺 (@KyleLDavies) May 7, 2022
14 June 2022:
We are in the process of communicating with relevant parties and fully committed to working this out
— Zhu Su 🔺 (@zhusu) June 15, 2022
16 June 2022: “Three Arrows Capital failed to meet demands from lenders to stump up extra funds after its digital currency bets turned sour, tipping the prominent crypto hedge fund into a crisis that comes as a credit crunch grips the industry.”