<story><title>Crypto dominoes fall in the wake of FTX&apos;s collapse</title><url>https://www.axios.com/2022/11/17/crypto-dominoes-ftx-collapse-winklevoss-gemini-blockfi</url></story><parent_chain><item><author>woeirua</author><text>Tick, tick, tick. The doomsday clock for Tether just moved closer to midnight. When Tether finally depegs, all the exchanges will go under (except maybe Coinbase and a few others that are tightly regulated). Coinbase will probably still go bankrupt because the crypto trading market is going to evaporate.  The value of most coins will go to zero.  There will be a liquidity crisis the likes of which we haven&amp;#x27;t seen since the 19th century.</text></item></parent_chain><comment><author>lizknope</author><text>People need to actually redeem the tethers for actual US dollars in order to collapse the tether scam.  I think all the crypto exchange collapses and bankruptcy declarations will actually help tether.  All the money will be locked up for years as the lawyers and accountants go through everything.&lt;p&gt;The Mt Gox &amp;quot;hack&amp;quot; was in 2014 and people have still not gotten money back yet.  That is 8 years and counting.</text></comment>
<story><title>Crypto dominoes fall in the wake of FTX&apos;s collapse</title><url>https://www.axios.com/2022/11/17/crypto-dominoes-ftx-collapse-winklevoss-gemini-blockfi</url></story><parent_chain><item><author>woeirua</author><text>Tick, tick, tick. The doomsday clock for Tether just moved closer to midnight. When Tether finally depegs, all the exchanges will go under (except maybe Coinbase and a few others that are tightly regulated). Coinbase will probably still go bankrupt because the crypto trading market is going to evaporate.  The value of most coins will go to zero.  There will be a liquidity crisis the likes of which we haven&amp;#x27;t seen since the 19th century.</text></item></parent_chain><comment><author>prox</author><text>Who knew if you made an unregulated market full of sharks that you would get this outcome? &amp;#x2F;s [0]&lt;p&gt;0 : &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Wall_Street_Crash_of_1929&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Wall_Street_Crash_of_1929&lt;/a&gt;</text></comment>