There is no ongoing issue on our side. There are simply many people transacting right now, with some of them seemingly not paying enough Bitcoin transaction fees.
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At least one exchange will claim to have been hacked.
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I had the same topic yesterday with a friend.
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Desperate yes, anyones guess I doubt it. They will manipulate a max pain scenario and whipsaw the markets to fill their pockets by executing as many stops as possible, then close their doors and leave all users holding the bags of $500M USD in evaporated funds and worthless coins
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