Bitcoin24h $63,967.92+1.45%

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UNUS SED LEO24h $9.78-0.14%

BlockFi customers concerned it may have lent too much bitcoin to 3AC

Rumors that BlockFi may have lent too much bitcoin to 3AC are swirling, causing insolvency concerns among customers.

Coinbase staff told to wait an hour to discover if they were fired

According to an SEC filing, the cuts will leave Coinbase with around 5,000 remaining staff and will cost somewhere in the region of $40 million.

Voyager Digital announced on Tuesday it had cut ties with likely insolvent Celsius “a while ago,” after customers voiced concerns.

Rumors about the possible insolvency of Three Arrows Capital were fueled on Wednesday thanks to a vague tweet by co-founder Zhu Su.

The company has spent nearly $4 billion on 130,000 bitcoins in the past two years at an average purchase price of more than $30,700.