Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy....

https://finance.yahoo.com/news/m-millions-dollars-thousands-crypto-223605273.html

‘I’m out millions of dollars’: Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy protection

Like countless others, he decided to give the cryptocurrency broker a try. The platform was easy to navigate. It offered him an up to 9% annual percentage yield (APY)—much higher than a traditional savings account. It claimed to be FDIC (Federal Deposit Insurance Corporation) insured. And being a publicly traded company on the Toronto Stock Exchange, he thought, how bad could Voyager be?

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Their stock price has plunged from 27 dollars in April 2021 to 27 cents now.

PT Barnum proven right again.

 

https://www.msn.com/en-us/news/us/h...ender-celsius-files-for-bankruptcy/ar-AAZylKW

Hope for depositors dwindles as crypto lender Celsius files for bankruptcy

Embattled crypto lender Celsius Network on Wednesday night said it had filed for bankruptcy, dealing a further blow to depositors who had spent the past month wondering if they would ever see their money again.

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It's not exactly the same thing, but crypto reminds me a little bit of the Tulip bubble that occurred in Holland in the 17th century.

Those who forget the past are condemned to repeat it.