Coinbase-Backed Digital Asset Lending Firm Says It Liquidated One ‘Large Client’ Amid Epic Crypto Market Crash

Coinbase Venture-backed crypto lending platform BlockFi says it just liquidated a large client for failing to meet its obligations on an overcollateralized margin loan. Amid speculations surrounding the firm’s risk management practices, BlockFi CEO Zac Prince says management can resort to margin calls and asset liquidation to mitigate risks with contracts. “BlockFi can confirm that we […]The post Coinbase-Backed Digital Asset Lending Firm Says It Liquidated One ‘Large Client’ Amid Epic Crypto Market Crash appeared first on The Daily Hodl.