I'm not really comfortable see all these folks with theirs "wrapped" versions of bitcoin.
The counterpart risks are imense, if I wrap my bitcoin, for sure its locked in somebody else's addresses on the real bitcoin network, but the other side of the story can lose the peg for example and I'd lose my bitcoin because next time, when I try to "unwrap" maybe the bridge wont work again...
People should avoid doing that stuff because in the previous bull market, many bridges been hacked and so many people lost their money.
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