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 59

February 07, 2025 00:55:39
Episode Cover

59: The Golden Age of Grift

Scam Economy is back! And just in time for The Golden Age of Grift. Host Matt Binder breaks down how the cryptocurrency industry bought...

Listen

Episode

May 06, 2022 00:56:14
Episode Cover

14: Crypto Bad Ideas: Abortions on the Blockchain!? + Bored Apes Break Ethereum (w/ Molly White)

Creator of Web3 is Going Great, developer Molly White joins Scam Economy with Matt Binder to discuss the insanely high Ethereum gas fees from...

Listen

Episode

May 09, 2023 01:17:56
Episode Cover

50: Elon Musk and the Twitter Blue (Check)Mark of Shame

It's a DOOMED / Scam Economy crossover episode! Host Matt Binder breaks down what he's been so busy with over the past few weeks:...

Listen