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Massive liquidations are coming! panic stations guys! Accounting firms are preparing for the biggest crash and wave of liquidations ever seen.
Binance, crypto.com and KuCoin have just been dropped by their auditor, Big 4 accounting firms also won't go near Binance, because they're preparing for the imminent insolvency!
The liquidations will begin with crypto exchanges and end with major banks, as these banks are still holding tons of derivatives on their balance sheet and have given loans to tons of risky, over-levergaed hedge funds who are down significantly on their investments and can't afford to repay the margin loans.
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