The sudden drop in bitcoin and Ethereum triggered a series of historic liquidations on Coinbase, exposing a major vulnerability in crypto lending. Within hours The sudden drop in bitcoin and Ethereum triggered a series of historic liquidations on Coinbase, exposing a major vulnerability in crypto lending. Within hours
Crypto Credit System Under Fire After Market Sell-Off
The sudden drop in bitcoin and Ethereum triggered a series of historic liquidations on Coinbase, exposing a major vulnerability in crypto lending. Within hours, millions of dollars in collateralized loans were wiped out, revealing the limits of a system designed to withstand shocks. This new episode of tension, far from anecdotal, calls into question the robustness of financing mechanisms backed by cryptos.
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