Jim Cramer blasts ‘dangerous’ $4.3B bailout of crypto bank — here’s how to prepare for a total collapse of crypto confidence
Facing a wave of withdrawals from skittish investors, a crypto-friendly bank is staying solvent thanks to an unusual multibillion-dollar loan — a move Jim Cramer says should knock you off your chair.
“This is extraordinary,” the Mad Money host and crypto skeptic tweeted last week. “A bailout loan from the Federal Home Loan Bank for a crypto bank to stem the run. I wish people knew how dangerous this is all getting. NOT business as usual.”
The bank run — and the surprising…