BlockFi, 8 Subsidiaries File for Bankruptcy: Smooth & Efficient Crypto Contagion Continues by Wolf Richter • Nov 28, 2022 • 167 Comments The price of consensual hallucination. Filing also lists $30 million SEC settlement, and huge amounts owed to unnamed “clients.”
Lose $1.7 billion on $519 Million in Revenue? Bitcoin Miner SPAC Core Scientific Shows How. Bankrupt a Year after Going Public? by Wolf Richter • Nov 23, 2022 • 151 Comments Consensual hallucination was required to pull this off.
I Agree: Don’t Regulate Crypto, Let it Burn. Making Good Progress on its Own by Wolf Richter • Nov 21, 2022 • 350 Comments By letting it burn, it won’t get big enough to cause major contagion outside of crypto.
Where’s the Contagion from the Crypto Implosion? by Wolf Richter • Nov 16, 2022 • 109 Comments As the FTX collapse shows, the shenanigans guarantee smooth and efficient contagion inside the crypto zone. But beyond it?
THE WOLF STREET REPORT: Where’s the Contagion from the Crypto Implosion? by Wolf Richter • Nov 13, 2022 • 208 Comments As the FTX collapse shows, the shenanigans guarantee smooth and efficient contagion inside the crypto zone. But beyond it?
Cryptos Plunge, Contagion Sweeps Across DeFi: Trying to Go to Heaven Together, End Up Going to Heck Together? by Wolf Richter • Nov 9, 2022 • 228 Comments Binance-FTX deal now in doubt after revelations of huge black hole and investigations by the SEC and CFTC.
Would be a Hoot If Regulators Cracked Down on Companies BEFORE They Freeze Customer Deposits & Cryptos and File for Bankruptcy by Wolf Richter • Jul 28, 2022 • 154 Comments Bankrupt Voyager gets slapped with a cease-and-desist order from the Fed and the FDIC after it’s way too late.
Leverage & Interconnectedness Are Blowing Up Crypto & DeFi by Wolf Richter • Jul 9, 2022 • 183 Comments That’s what’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected.
THE WOLF STREET REPORT: Leverage & Interconnectedness Are Blowing Up Crypto & DeFi by Wolf Richter • Jul 4, 2022 • 317 Comments That’s what’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected. Unlike prior “crypto winters.”
Coinbase Shares Go Thunkadunk, -88% from High, amid Crypto Chaos, Plunging Revenues, Huge Loss: New Paradigm Where Gambling Tokens Blow Up the Casinos? by Wolf Richter • May 11, 2022 • 349 Comments You’re just “unsecured creditors” if we file for bankruptcy. But hey, CEO tweets: “We have no risk of bankruptcy.”
