Feb 20: Blockchain.com’s $270 Million Hole
gm from Decrypt
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Blackchain.com
Blockchain.com is an early wallet provider in exchange that had around a $14 billion valuation as recently as last March. It looks as though they were raking only number 57 on daily volume, which puts them at about 1% of the volume of the competitors in the top five. The companies may be insufficiently diversified and too short on cash to survive the crypto-winter. In a conversation with decrypt, several industry investors express strong doubts in the health of the company.
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