from Patrick McKenzie | by Patrick McKenzie

BlockFi was confidently fine two days ago, which should be further evidence (if you need it) of very probable futures for some firms which are confidently fine today.

When systemically important financial institutions blow up, systemically important financial institutions blow up. I (sincerely!) wish risk managers and clients the best of skill in limiting the contagion.

* Twelve hours ago. (Screenshot this in case the normally append only Twitter blockchain is perhaps less append only, but currently it is the immediately preceding thread from them.)