Some of you may not be aware because it only affects Canadian customers but Ledn has reached an agreement to acquire Arxnovum Investments (the moronic name alone should tell you everything you need to know) which is a Bitcoin, ETH and defi investment firm. In other words they are shitcoiners using Bitcoin's good name as lipstick on their pig of a business.

In order to become certified shitcoiners, Ledn must bend the knee to Canadian regulators and screw the plebs that allowed them to build their business. So they will no longer be offering savings or loan services to Canadian customers, unless you are an accredited investor that wants to get rugged by their new shitcoin business of course.

I shouldn't be surprised or perturbed by this after the news last month that they had exposure to Genesis. I am a Ledn customer and have a small B2X loan with them that is completely irrelevant to my stack or net worth but this really pisses me off because I only opened the account to support the business, as a Canadian bitcoin only company, after hearing Mauricio on a couple podcasts and being acquainted with someone who did some work for the company. I essentially paid 2x interest compared to what I could have using my line of credit to achieve the same result to try and support these guys. Now they are discarding my business to become shitcoiners.

Oh well. I will be closing out my loan, moving the sats to cold storage and closing my account. They can Have fun rugging boomers.

Cheers, GR