at the United States Bankruptcy Court for the District of New Jersey, reports have surfaced about the crypto lending company’s risk assessment and management culture.employees from “describing risks in written internal communications to avoid liability, “ as reported by a former employee at BlockFi.claimed risk management was core to their DNA and central to their mission, reports surfacing paint a different picture of the company.
According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, which included mega hedge funds
However, is anyone REALLY surprised that BlockFi discouraged employees from talking about risks in record-kept communications? The snake oil salesman understands he's selling snake oil... 🤷
Let's not forget that one of BlockFi's biggest shillers was Pomp, who probably destroyed thousands of lives by shilling shady companies and btc to uninitiated & uneducated. He pivoted fast from being btc maxi and cedefi shiller, but tweets are still there.
Why is it that only US based crypto projects cause havoc in the Crypto space whilst behaving fraudulently. Best to stay away from any assets, dex, exchange owned and run by Americans.