Don’t think they’re suggesting it’s not a big deal.
replyAny company losing 10 months of revenue overnight is a BIG fucking deal. Doubly so in a speculative asset that you’re holding for others “securely”. The financial hit has only just begun for them.
That said yes the trading volume has huge.
Money is meaningless nowadays. One billion dollars used to be absolutely huge, now it's a seed round into a team with two MIT dropoffs and one mac mini
replyIt is a big deal, but not big enough for them to go out of business
replyI'm not in the space, but I'd think that the reputational damage alone is the more significant part here.
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