Hey learner, here's a new crypto concept to learn under 1 minute! ⏳🎯
BANK RUN 🏦🏃
🏦A crypto bank run happens when many users try to withdraw their assets from a platform all at once!
🏦Similar to traditional bank runs, but happens with crypto exchanges, lending platforms, or DeFi protocols
🏦Triggered when users fear the platform might be insolvent or unable to honor withdrawals
🏦It often starts with rumors, negative news, or signs that the platform doesn't have enough reserves
🏦Can be sparked by security breaches, regulatory actions, or market volatility
🏦Bank runs creates a domino effect – as some users withdraw, others panic and rush to do the same
🏦The platform may freeze withdrawals if they can't meet demand
