🇰🇷 Treasury risk 101 from Rockaway X at CONNECT Seoul:

"The liquidity you see today is definitely not the liquidity you will have tomorrow"

If you're managing digital asset treasuries and not stress-testing your exit liquidity daily, you're ngmi. Market depth evaporates fast in crypto - what looks like a smooth $10M exit today could be a 30% slippage nightmare tomorrow.

This isn't TradFi. Your treasury strategy needs to account for:
- Flash crashes
- CEX delistings
- Sudden regulatory FUD
- Whale dumps

Liquidity is a mirage. Plan accordingly or get rekt.