The list of bankrupt crypto funds, brokers and lending platforms is growing… After Three Arrows Capital, Voyager Digital in turn placed itself under the US bankruptcy regime, unable to overcome its debt wall.
However, he received a €475 million loan from the current “lender of last resort” in the North American crypto sector, Sam Bankman-Fried. The latter offered a call option on struggling lending platform BlockFi. “We are witnessing the first movement of consolidation in this market” IG analyst Vincent Boye assesses.
Goldman Sachs is on the prowl
Loan players are starting to get their hands on those in trouble. Credit platform Nexo is looking to acquire Vauld, another player that has had to shut down its customer operations due to insufficient cash. The two companies signed an agreement that includes a 60-day investigation period to investigate the status of the accounts.
“Most of these companies have provided loans to…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.