CompaniesVoyager’s bankruptcy is a loan book, not a chain haltA public crypto broker had lent a huge unsecured book to one hedge fund. When that fund failed, the app pause became a court file. Bitcoin kept producing blocks.EasyCryptoGuides · 5 Jul 2022, 22:00 UTC · 1 min read
CompaniesCelsius paused. Three Arrows blew up. That is credit, not a protocol.Yield apps and hedge funds that rehypothecate coins can gap. Terra’s unwind was the match. The fire is counterparties.EasyCryptoGuides · 12 Jun 2022, 23:00 UTC · 1 min read
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