#websea
websea
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The crypto scene now mainly revolves around exchanges and asset management; that's where the action is.
Everything else has pretty much gone cold.
Exchanges are also struggling, take Websea for example; it’s unclear if they’ve totally bailed yet, but withdrawal restrictions are definitely in play, and a redemption crisis is already surfacing.
A few years back, when Websea was promoting at OGBC in Singapore, I completed KYC and opened an account, even bought 100 bucks worth of their exchange token $WBC, but it tanked hard and I sold it off.
A girl working BD at another second-tier exchange mentioned their salaries have been slashed in half; travel expenses for the Web3 conference in Hong Kong used to be covered by the company, but now it’s out of pocket.
A gal from a well-known Web3 fund reached out to Cathy for job recommendations, looking to pivot back to traditional finance.
This bear market feels pretty bleak; it’s not just a 'bad apple spoiling the bunch', it’s like the whole pot is filled with rotten apples—there's no salvaging it, time to toss the whole pot out.
#跑路
#websea
#WBC
Everything else has pretty much gone cold.
Exchanges are also struggling, take Websea for example; it’s unclear if they’ve totally bailed yet, but withdrawal restrictions are definitely in play, and a redemption crisis is already surfacing.
A few years back, when Websea was promoting at OGBC in Singapore, I completed KYC and opened an account, even bought 100 bucks worth of their exchange token $WBC, but it tanked hard and I sold it off.
A girl working BD at another second-tier exchange mentioned their salaries have been slashed in half; travel expenses for the Web3 conference in Hong Kong used to be covered by the company, but now it’s out of pocket.
A gal from a well-known Web3 fund reached out to Cathy for job recommendations, looking to pivot back to traditional finance.
This bear market feels pretty bleak; it’s not just a 'bad apple spoiling the bunch', it’s like the whole pot is filled with rotten apples—there's no salvaging it, time to toss the whole pot out.
#跑路
#websea
#WBC
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