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altbtc.cc
altbtc.cc · [beta]

Goldfinch depositors face mounting losses as a16z-backed lending protocol's loan book unravels

An investor in the decentralized credit protocol Goldfinch (backed by Andreessen Horowitz), has publicly come out to claim that the project mismanaged over $50 million in user funds. The investor claims that the widespread borrower defaults and failed loan restructurings have made it highly unlikely that depositors will ever recover their money.  Just one day...

Goldfinch depositors face mounting losses as a16z-backed lending protocol's loan book unravels