Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s...
by NotYourLawyer on Monday November 28, 2022 @12:11PM
(#33776239)
If someone offers a risk-free return way above the prevailing risk-free interest rate… there are some risks that aren’t being disclosed. Everybody forgot that for a little while.
I remember looking at all of these now defunct businesses wondering just how they could have such high interest rates on your coins. In what should be a surprise to no one it was too good to be true.