The FTX contagion has just claimed another crypto firm.
BlockFi will file for Chapter 11 bankruptcy protection later today, a source at the company tells Decrypt.
The crypto lender is also laying off a large portion of its staff, the source said.
Update: the pool has been drained of 25% more of the ETH (56,000 ETH) as people starting to look for the exits.
If Celsius tried to get liquidity on their stETH, they would experience 59% slippage (up 10% from 2 days ago).
Liquidity is contracting in the great defi deleveraging
Maker DAO, the ones behind the #DAI stablecoin, just announced they will liquidate all their #renBTC and close that vault!
Seems wrapped BTC tokens of all kinds are about to get rekt.
Never hold an inferior asset. Always buy native #BTC. No yield is worth risking your #Bitcoin
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“When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum wallet address when you send a transaction,” ConsenSys said.
https://t.co/QWnLFPH0eq
Binance CEO Changpeng "CZ" Zhao says his company is mistakenly believed to be Chinese "because I look Chinese."
Watch the full interview where he discusses the fall of Sam Bankman-Fried’s FTX empire and Binance's strategy: https://t.co/J4bVr3qM6W