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+--- Thread: Algofi shutting down (/showthread.php?tid=6246305)
Algofi shutting down - Hewlett Packard - Jul 12, 2023
https://blog.algofi.org/algofi-community-update-3cc989962d57
I imagine what "confluence of event" means :/
RE: Algofi shutting down - Omniscient - Jul 12, 2023
So I never got into Algorand. Is AlgoFi an official product from the Algorand team?
And I think they got hacked and millions stolen, hence the "confluence of events". Also regulation and the possibility they could be seen as a security by the SEC.
If the SEC ever comes out official with actual definition, I think a lot of these DeFi's are going to quickly close shop.
Buy Bitcoin, hold, and STFU.
RE: Algofi shutting down - Migos - Jul 12, 2023
(Jul 12, 2023 10:30 AM)Omniscient Wrote: So I never got into Algorand. Is AlgoFi an official product from the Algorand team?
And I think they got hacked and millions stolen, hence the "confluence of events". Also regulation and the possibility they could be seen as a security by the SEC.
If the SEC ever comes out official with actual definition, I think a lot of these DeFi's are going to quickly close shop.
Buy Bitcoin, hold, and STFU.
Hold and sleep, wake up a millionaire haha .
I was able to avg down to about even on btc, my eth is 2x atm.
in a year or 2 the btc will probably be 6x value now.