It’s interesting that we aren’t seeing a bigger crash in overall crypto prices -... | Hacker News

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		edf13 on Nov 12, 2022 \| parent \| context \| favorite \| on: FTX faces potential hack, sees mysterious outflows... It’s interesting that we aren’t seeing a bigger crash in overall crypto prices - generally it’s holding up ok

zeroclip on Nov 12, 2022 [–]

Hopeful thinking: people realize that FTX is a CEX and the true value of crypto is in DeFi and DEXes.

Reality: contagion will spread next week and everything will probably crash, even if DeFi remains unaffected.

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