this case actually have such massive effect in the long run, even for short term it's already showing that's like the crisis of trust that many customers have against their exchange that seems make them more hesitant in putting their investments in these platform. moreover many coins like USDT and BUSD actually being doubted its credibility in which in this case many of us always think that these coins that's supposed to be a coin that could save our investments from fluctuation might be crashing itself, always wish that this case could be resolved with win win solution but surely that's just not gonna be happening it seems.
there are good and bad side of this situation. good - because people will be more cautious dealing with exchanges or centralised ones. bad because it gives another reason for noncrypto users to think that crypto market is rigged or fraudulent market. but either way, every user should educate himself with this scenario to understand better why such failure is happening all the time. it is not the technology that is rigged but the people who is handling or managing it have ill intentions. they may not have such intention at the beginning, but as they accumulate wealth, they change their route owed to greed and other selfish desires.
