Nakamoto Kraken Loan Extension Buys Time, Not Safety

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Nakamoto’s Kraken loan extension has pushed a $60 million USDT repayment into December 2027, but the company hasn’t escaped the risk hanging over its $165 million debt. The change removes this year’s scheduled principal payment. It doesn’t stop Kraken from demanding more collateral or selling pledged assets if liquidation conditions are hit. Signed November 11 …