Genesis Demise Marks End of Era for Crypto’s Pseudo-Banks — WSJ
Risk in crypto-lending sector was poorly managed, subjecting users to heavy losses after epic boom. Source link
Consumer Lending
Celsius Network Wins Ownership Rights to Customer Crypto Deposits
A bankruptcy judge ruled that digital coins deposited in Celsius Network LLC’s interest-bearing accounts belong to the firm, ruling against...
FTX Collapses Into Bankruptcy System That Still Hasn’t Figured Out Crypto
The U.S. bankruptcy system will hash out the largest-ever collapse of a cryptocurrency exchange through a legal process that has...
They Thought ‘Crypto Banks’ Were Safe, and Then Came the Crash
One Sunday evening last month, Lucas Holcomb woke his pregnant wife. “Honey, we just lost $100,000,” he told her.Mr. Holcomb...
