BitMEX founder Arthur Hayes posted on social media that unless Goldman Sachs makes it clear, please don’t believe that Goldman Sachs is putting its funds at risk.
What Goldman is doing is consulting what banks should be doing, bringing together a group of investors and helping them frame the purchase of distressed assets for huge fees.
If the tool does actually acquire assets from Celsius Network and enable withdrawals again, the community can rejoice that creditors get some of their money back, Hayes said. This will restore market confidence and provide more support for the cryptocurrency to start a bull run.
But again, he cautioned that any and all bailouts should be viewed as PR stunts until actual funds are deployed and actual savers can withdraw some or all of their funds from the bankrupt centralized crypto lender.
