22: Bon Voyager! Your Crypto Loan Cash is Gone (w/ Ed Zitron)

July 08, 2022 00:59:59
22: Bon Voyager! Your Crypto Loan Cash is Gone (w/ Ed Zitron)
Scam Economy
22: Bon Voyager! Your Crypto Loan Cash is Gone (w/ Ed Zitron)

Jul 08 2022 | 00:59:59

/

Show Notes

Yet another crypto lender, Voyager Digital, has frozen its customers' funds, pausing withdrawals, and just filed for bankruptcy. But this time, it's even more looney than usual. Ed Zitron joins Matt Binder on the show to discuss how Voyager claimed it was an FDIC insured bank an...SURPRISE! Voyager was not a bank and it was not FDIC insured, how the company gave out huge loans to relatively few entities, the people who lost money, Mark Cuban's Dallas Mavericks having a partnership deal with Voyager and promoting its crypto services, FTX's Sam Bankman-Fried constantly coming into the picture to "save the day" (for the crypto company at least), and much, much more! Read Ed's piece: https://ez.substack.com/p/when-vibes-arent-enough Visit ScamEconomy.com Support the show: http://www.patreon.com/mattbinder

Other Episodes

Episode

July 15, 2022 00:48:00
Episode Cover

23: Elon Musk Loves Cryptocurrency (But Elon and Crypto Don't Love You)

Just like crypto, Elon Musk is all hype. So, they're a match made in heaven. Scam Economy host Matt Binder takes a look at...

Listen

Episode

August 12, 2022 00:57:08
Episode Cover

Crypto Yield Rates Were Always a Red Flag (Scam Economy Live Post Show BONUS Clip)

A BONUS teaser of the Scam Economy Livestream Call-In Post Show! Listener of the show, Jon from Australia, called into the Scam Economy Livestream...

Listen

Episode

March 04, 2022 00:45:19
Episode Cover

5: NFTs Get Physical, Real Estate Gets Digital, It's All Despicable (w/ Wilfred Chan)

Writer Wilfred Chan joins Matt Binder on Scam Economy to discuss his experience using an NFT vending machine, how he got scammed by it,...

Listen