Why are crypto bankers so bad at banking? For the last several weeks we’ve read as multiple crypto bankers, starting with 3AC, then Celsius, then BlockFi, and now potentially Voyager (which recently suspended withdrawals) have gotten themselves into trouble. It’s a bit of a problem if crypto finance is supposed to replace traditional finance as a way to provide credit and run our world’s economy. This isn’t exactly what we all had in mind. The sad thing is that the errors being made are not n...

Why are crypto bankers so bad at banking? For the last several weeks we’ve read as multiple crypto bankers, starting with 3AC, then Celsius, then BlockFi, and now potentially Voyager (which recently suspended withdrawals) have gotten themselves into trouble. It’s a bit of a problem if crypto finance is supposed to replace traditional finance as a way to provide credit and run our world’s economy. This isn’t exactly what we all had in mind. The sad thing is that the errors being made are not n...