Madoff in this scenario would be the founders of 3AC, Su Zhu and Kyle Davies, who used their reputation to “recklessly borrow from just about every institutional lender in the business,” resulting in pain for some high-profile names in the industry, including Voyager Digital, Babel Finance and BlockFi, Sean Farrell, head of digital asset strategy at FSInsight, wrote in the report.
Related posts
-
Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors
Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies... -
Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: Sources
The U.K financial services regulator issued the payments provider a 166 notice late last year Source... -
Crypto Market’s “Shallow Sell-Off” Indicative Of Strong Bid For Risk Assets: Trading Firm
Este artículo también está disponible en español. Crypto trading firm QCP Capital says the “shallow sell-off”...