This is the second uncollateralized loan to default on TrueFi within a month following Korea-based Blockwater’s failure to repay its $3 million debt on the platform. Another decentralized lending protocol, Maple Finance, faced difficulties in June after Babel Finance, a crypto lending firm, became insolvent and defaulted on a $10 million loan. The default resulted in a $7.9 million loss to investors. Maple decided to tighten its lending standards, Bloomberg reported last month.
Investing In A Ponzi vs. Investing In Bitcoin | by VTECH | The Capital | Apr, 2025
This instance is a straightforward comparability to focus on the distinction between a Ponzi and Bitcoin. There's the narrative that...
