Saturday, July 16, 2022

US-based crypto lender reveals $1.19 bln deficit in bankruptcy filing

Crypto lenders boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. They lent out tokens to mostly institutional investors, making a profit from the difference.

from Gadgets Now https://ift.tt/9JpWtK2

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