BTC dropped to 12.2 k.?
They will margin call client loans and use the money to pay down their BTC loan
Can you imagine if they didn't pause withdrawals though. People would be panic selling there Bitcoin at these prices and it would cause the price to go much lower then it is now. And margin call so many loans. To many loans at the same time that they can't take action on all of them at once. Pausing it puts it in slower motion.
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