Seems like it’s almost guaranteed that the corn that I was forced to keep on Swan for 30 days after ACH deposit was rehypothecated by Prime Trust.
This felt like a distinct possibility last fall when Prime started acting sketchy, but the latest news seems to confirm it.
The fact that Swan didn’t act with urgency to separate themselves from Prime was the reason I finally quit using them a couple months ago. The 30 day hold on Prime became something I couldn’t abide.
The fact that Swan is working with the same 🤡 that set up the Prime Trust Ponzi is a huge fucking 🚩
Anyone who gets rugged by Swan in the future has nobody to blame but themselves. 🤷♂️
What on-ramp are you currently using?
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Still using Strike for hourly DCA. I just make sure to withdraw frequently so I never have many sats at risk. The most I would lose now is a week or two of DCA.
That’s basically what I do.
