BlockFi CEO Zac Prince wants to make clear that his lending company, which last week finalized terms for a loan from—and potential acquisition by—one of Sam Bankman-Fried’s companies, isn’t like Voyager Digital, which also received a loan from one of Bankman-Fried’s companies.
If those two crypto firms sound like they’re in similar situations, it’s because, in some ways, they are. But Prince doesn’t see it that way. In a short Twitter thread Monday morning he called on journalists and market commentators to stop comparing BlockFi to other crypto lenders.
“Two months ago we looked the ‘same,’” he wrote. “They shut down and have impending losses for their clients.”
An hour after his tweet, Voyager wrote its own thread. Unlike BlockFi, the company has filed for Chapter 11 bankruptcy protection and is undergoing a financial restructuring.
Voyagers,
We understand how critical it is to get access to the value in your account and we are working through this process as quickly as possible...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...