Solana/Wormhole need to come up with 120,000 ETH to restore the 'pegging'. There's a good chance they're not going to say where the 120,000 ETH is coming from. 1. Undisclosed loan from crypto exchanges with customers Ethereum. 2. Crash the price of ETH to reduce costs.
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Replying to @Bitfinexed
macrocephalopod Retweeted jump_crypto
Or Jump could just repay it out of their own funds, which was the most predictable outcome for anyone with a basic understanding of how these businesses work and what the flows are.https://twitter.com/JumpCryptoHQ/status/1489301013408497666 …
macrocephalopod added,
12:02 AM - 4 Feb 2022
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