Pls expand why they compare.
Is there comparable degenerate actors that BlockFi lended to such as Three Arrows Capital?
This one is one of the more recent spectacular blowups. $XIV fund is a fun rabbit hole to venture down.
https://www.forbes.com/sites/jimcollins/2018/02/06/it-works-until-it-doesnt-work-the-death-of-xiv-shows-the-folly-of-gaming-market-volatility/
https://www.forbes.com/sites/jimcollins/2018/02/06/it-works-until-it-doesnt-work-the-death-of-xiv-shows-the-folly-of-gaming-market-volatility/