Crypto firm BlockFi files for bankruptcy as FTX fallout spreads

Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by Animats on Monday November 28, 2022 @01:21PM (#33777347)

Here's a tutorial on how to analyze a bank's balance sheet.[1]

Few of the crypto clowns publish their balance sheet. FTX, we now known, didn't even have a balance sheet.

[ Parent | on HN ]

Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by weard_beard on Monday November 28, 2022 @02:46PM (#33778563)

Thanks for this, so far that's 2 points of difference stated:

1) Regulatory oversight. 2) Relative transparency.

Legit differences between Crypto exchanges and traditional finance. Keep em' coming, I'm learning :)

[ Parent | on HN ]

Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by UncleMeat on Monday November 28, 2022 @05:34PM (#33780858)

What, the big banks don't have "internal, poorly labeled fiat account" on their spreadsheet tracking their finances?

[ Parent | on HN ]