A year and a half ago Jameson Lopp posted the following review, which was shared here on SN:
Custodial Bitcoin Interest Service Reviews
#36152
https://blog.lopp.net/custodial-bitcoin-yield-generator-testing
If you scroll to the bottom of the article you will find the following Update:
UpdateUpdate
18 months after publishing this post, credit contagion spread throughout the crypto ecosystem and many of the lenders are in distress.
- Abra suspended payouts and trading of its CPRX "crypto perks" token but seems to be otherwise OK.
- BlockFi seems to be insolvent and may be aquired by FTX. Oops, turns out FTX was also insolvent.
- Celsius is bankrupt and was forced to disclose financial data on all its users.
- CoinLoan also appeared to have solvency / liquidity issues and reduced withdrawal caps by 99%.
- Crypto.com laid off 40% of its staff.
- Hodlnaut froze withdrawals and applied for protection from creditors.
- Vauld suspended operations and appears to be insolvent.
- Voyager declared bankruptcy and was sold at auction to FTX. Awwwww snap!
Thank you, I’d like to tip you for this article
Good thing you're on SN then, it's super easy! :)
It's nice being right all the time.
Only buy Bitcoin and self custody it.
One would have to be extra special to screw this up.