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24min chapter
11/29/22: Elon Musk, BlockFi, Balenciaga, Georgia Senate, Julian Assange, Biden Rail Strike, Loneliness Epidemic, FTX, Fifa, and MORE!
Breaking Points with Krystal and Saagar
Crypto Collapse: BlockFi's Bankruptcy and its Impact on Customers
This chapter delves into the bankruptcy of cryptocurrency lender BlockFi and its consequences for customers. It explores the reasons behind BlockFi's financial troubles, its reliance on volatile asset prices, and borrowing against them. The chapter also sheds light on the devastating effects of the collapse on individuals who lost their life savings.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode