Tezos Associates: Celsius' Bankruptcy Filing "Not Unexpected"

07/15 12:33

According to Finlod, Kathleen Breitman, co-founder of decentralized open source blockchain platform Tezos, said that what's happening in the crypto market right now, such as several companies filing for bankruptcy, shouldn't come as a surprise. In the long run, market adjustments are good for weeding out businesses that have no chance of survival. The number of entities that are likely to fail, based on theories that have no real meaning, will increase. Breitman also pointed to The bankruptcy filing of Three Arrows Capital, noting that the company's business model was risky and doomed to failure.
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