#Lenders concerned about a borrower's default often use a #CDS to hedge that risk. 

#Lenders concerned about a borrower's default often use a #CDS to hedge that risk. 

Yet some #cryptocurrency borrowers and #lenders may determine creditworthiness using alternative #credit scoring models built on #blockchain #technology.

should force #lenders to consider adequate collateral valuation and backup measures if their most significant #market counterparties collapse

should force #lenders to consider adequate collateral valuation and backup measures if their most significant #market counterparties collapse.

should force #lenders to consider adequate collateral valuation and backup measures if their most significant #market counterparties collapse

should force #lenders to consider adequate collateral valuation and backup measures if their most significant #market counterparties collapse.🧵

#Celsius’ Examination Reveals Ugly Practices of #Crypto #Lenders

The 467-page report on #Celsius alleges how one of the industry’s biggest retail #lenders became one of its top borrowers.

These misrepresentations [...] were a sleight of hand designed to make it appear as if #Genesis was solvent and able to meet its obligations to #lenders.