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

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