This doesn't look good for them. Even if they find the liquidity to cover costs and manage this bear market, they are sending a very worrying message to their clients.

As always: not your keys, not your coins. I decided against putting money on their platform. To me, the benefit of getting some small percentage of returns on my coins didn't weigh up to the counterparty risk I would incur with parking my coins there. The final word isn't out yet, but at least I can still sleep soundly.