Gracy Chen flags rogue activity post crypto market crash

Gracy Chen flags rogue activity post crypto market crash
@GracyBitget: Rogue activity after crypto crash

Gracy Chen has underscored the challenging nature of launching a startup in the current cycle, referring to it as 'Hell Mode unlocked.'

A recent interaction with a Web3 founder revealed a concerning trend following the October 10/11 crypto market crash: numerous market makers allegedly took significant losses and resorted to unethical practices. These entities borrowed tokens with promises of providing liquidity but reportedly vanished without fulfilling these commitments. Chen urges caution in these uncertain times.

These recent developments highlight the heightened volatility characterizing crypto markets, further complicating fundraising and liquidity efforts for startups. Such turbulence was particularly evident when Gracy Chen discussed how Bitcoin’s surge past $90,000 coincided with the return of Cloudflare services. Comparable fluctuations underscore the persistent challenges that founders and market participants must navigate in this evolving environment.

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