hello hive community
Crypto companies with liquidity problems have started to emerge in recent days, but they have started to provide loans to save these companies.
FTX first offered crypto lender BlockFi a $250 million line of credit
then a few weeks later an agreement was reached to buy FTX BlockFi
Alameda Research, another company SBF, awarded Voyager Digital a $500 million line of credit
Of course, a move that will go down in history became the first customer to save the company it owes Alameda Research made history
Companies such as Celsius, BlockFi, Voyager were promising unrealistically high returns, this reminded you of terra luna, didn't the luna company that caused a big crash also promised high returns, I guess it was a 20% return. I guess
I don't think that the operations to save these companies are for the crypto industry
I don't think it would be good for such companies to be rescued
Because such companies can hurt investors like terra luna
Are companies such as Celsius, BlockFi, Voyager worth supporting
Can mechanisms be created that supervise companies that promise high returns ?
do crypto companies with misleading business models deserve to be saved?
I don't think saving those degen centralized crypto lending businesses is worth it. They have to be held responsible for their risky carry trade in LUNA-UST.
Posted Using LeoFinance Beta
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