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I have pretty much all my savings on there because it was supposed to be fdic insured. Now they filed for bankruptcy and halted all trading so my money is frozen and I’ve had two big unexpected expenses this week. I would usually pull it off as I needed it. I had a good amount of money on there and I can’t access it. I don’t know what I’m gonna do. I’m pretty fucked. I hope no one else is going through this. I should’ve been paying more attention and pulled my money at first sign of trouble. Lesson learned I guess…

I have pretty much all my savings on there because it was supposed to be fdic insured. Now they filed for bankruptcy and halted all trading so my money is frozen and I’ve had two big unexpected expenses this week. I would usually pull it off as I needed it. I had a good amount of money on there and I can’t access it. I don’t know what I’m gonna do. I’m pretty fucked. I hope no one else is going through this. I should’ve been paying more attention and pulled my money at first sign of trouble. Lesson learned I guess…

(post is archived)

[–] 0 pt (edited )

I was holding it as USDC which is supposed to be a stable coin, not fully understanding that it wasn’t FDIC insured. But never expected the company to crash

[–] 1 pt

Oh man the planets aligned against you. Sorry to hear that. My stablecoin bag is in BUSD right now, hoping binance stays strong.