Bitcoin24h $98,326.38+4.45%

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Solana24h $254.70+7.55%

BNB24h $622.98+2.08%

XRP24h $1.20+8.16%

Dogecoin24h $0.3859+1.64%

Cardano24h $0.8067-0.76%

TRON24h $0.1984+1.26%

Avalanche24h $35.90+5.20%

Shiba Inu24h $0.0000+2.42%

Hedge funds are the real winners of the crypto market crash

Hedge funds using automated “quantitative” strategies are outperforming, converting the crypto market crash into big profits.

Better call Sam: FTX bails out BlockFi and Voyager despite years of losses

An FTX bailout of $750 million will keep two crypto lenders solvent: $250 million for BlockFi and $500 million for Voyager.

Three Arrows was also one of the major investors in Grayscale Bitcoin Trust, last year disclosing ownership of more than 38 million shares.

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

BlockFi says users’ personal details, including names and emails were targeted after hackers attacked its CRM platform provider, HubSpot.