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Yes, that seems to be the case... If you look at the account it is very telling. https://peakd.com/@bnb-hbd/wallet

Holly mooly! That's more than a grand per month in interest, and they have difficulties paying customers their few bucks. Doesn't sound right...

It sounds like they are on the hook for about a 100K in conversions the way I understand it. I think they are trying to fulfill that while still maintaining some income. I'm just guessing anyway.