Voyagers,
There is nothing more critical to us than our customers. Please know that we are focused on protecting assets and maximizing value for all customers as quickly as possible. (1/3)
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We currently have approximately $1.3 billion of crypto assets on our platform, plus claims against Three Arrows Capital of more than $650 million. We also have over $350 million of cash at Metropolitan Commercial Bank. (2/3)
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We are doing everything in our power to best serve our customers for the long term. We are actively pursuing a series of strategic alternatives to do just that. Will share more updates as we have them. (3/3)
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This^
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They wanted to be risky and use our money so they could earn even more money back lol
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What did you do
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Aren’t they filing for bankruptcy? Why wasn’t these loans backed by collateral? Just asking for some clarity when you get a chance
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