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![Collapse of Crypto Shadow Banks: How 4.3 million crypto investors lost $46 Billion in 5 Months](https://static.wixstatic.com/media/cd0bd4_0165a3185ea748938c4521939562cdf4~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/cd0bd4_0165a3185ea748938c4521939562cdf4~mv2.webp)
Anton Golub
May 19, 20232 min read
Collapse of Crypto Shadow Banks: How 4.3 million crypto investors lost $46 Billion in 5 Months
🔥 Fascinating study by the Federal Reserve Bank of Chicago on the collapse of the world’s largest Crypto Shadow Banks! 🚨 Crypto Shadow...
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![Crypto-friendly banks in the United Arab Emirates (UAE)](https://static.wixstatic.com/media/cd0bd4_83abe12ce39e4590b96055025aa8bcbe~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/cd0bd4_83abe12ce39e4590b96055025aa8bcbe~mv2.webp)
Anton Golub
May 12, 20231 min read
Crypto-friendly banks in the United Arab Emirates (UAE)
💡 Following my post on Coinbase exploring the United Arab Emirates (UAE) for international expansion, we had an interesting & dynamic...
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![Top DeFi lending protocols for Real World Assets](https://static.wixstatic.com/media/cd0bd4_05a530759f7b4633a64643430449010e~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/cd0bd4_05a530759f7b4633a64643430449010e~mv2.webp)
Anton Golub
May 5, 20232 min read
Top DeFi lending protocols for Real World Assets
Decentralized Finance (DeFi) generates yield through on-chain activities and investors can earn yield by providing liquidity. Yields many...
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![Example of Rehypothecation of Collateral in Crypto Shadow Banking](https://static.wixstatic.com/media/cd0bd4_316d0b40fc474ad8b223a7c244d3e77b~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/cd0bd4_316d0b40fc474ad8b223a7c244d3e77b~mv2.webp)
Anton Golub
May 3, 20232 min read
Example of Rehypothecation of Collateral in Crypto Shadow Banking
Crypto shadow banking is our industry’s biggest secret, where billions of dollars are borrowed & lent on an un-collateralized basis,...
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![](https://static.wixstatic.com/media/cd0bd4_1f76bbb60284461e8d092de89aad2939~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/cd0bd4_1f76bbb60284461e8d092de89aad2939~mv2.webp)
![The Role of Liquidation Algorithms in Crypto Margin Trading](https://static.wixstatic.com/media/cd0bd4_1f76bbb60284461e8d092de89aad2939~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/cd0bd4_1f76bbb60284461e8d092de89aad2939~mv2.webp)
Anton Golub
May 3, 20232 min read
The Role of Liquidation Algorithms in Crypto Margin Trading
Traders often use leverage to increase the potential profit of trade, hence those transactions are done on a margin. Traders open a...
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![Understanding the Collapse of Crypto Shadow Banking](https://static.wixstatic.com/media/cd0bd4_b5235f5fe281459c8f66a535a9ab309a~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/cd0bd4_b5235f5fe281459c8f66a535a9ab309a~mv2.webp)
Anton Golub
May 3, 20232 min read
Understanding the Collapse of Crypto Shadow Banking
Hidden behind the public view is one of the crypto industry’s biggest secrets, the crypto shadow banking, where cryptos worth billions of...
2 views0 comments
![](https://static.wixstatic.com/media/cd0bd4_453e61e18bbb4c348b8957788e176a10~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/cd0bd4_453e61e18bbb4c348b8957788e176a10~mv2.webp)
![Crypto Industry Secrets: Non-liquidating trading accounts](https://static.wixstatic.com/media/cd0bd4_453e61e18bbb4c348b8957788e176a10~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/cd0bd4_453e61e18bbb4c348b8957788e176a10~mv2.webp)
Anton Golub
May 3, 20232 min read
Crypto Industry Secrets: Non-liquidating trading accounts
Hidden in the bankruptcy documents of the crypto exchange FTX, was a statement that Alameda Research managed to rack up a negative...
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![Crypto Shadow Banking Collapse Visualized](https://static.wixstatic.com/media/cd0bd4_70ab3de999b54772814b3fe92a542741~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/cd0bd4_70ab3de999b54772814b3fe92a542741~mv2.webp)
Anton Golub
May 3, 20232 min read
Crypto Shadow Banking Collapse Visualized
Crypto shadow banking is our industry’s biggest secret, where billions of dollars are borrowed & lent, on an uncollateralized basis. The...
15 views0 comments
![](https://static.wixstatic.com/media/cd0bd4_4b6a452b29994725b201ba7b12b8e5ad~mv2.jpeg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/cd0bd4_4b6a452b29994725b201ba7b12b8e5ad~mv2.webp)
![Understanding the difference between US and Swiss crypto banks](https://static.wixstatic.com/media/cd0bd4_4b6a452b29994725b201ba7b12b8e5ad~mv2.jpeg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/cd0bd4_4b6a452b29994725b201ba7b12b8e5ad~mv2.webp)
Anton Golub
May 3, 20232 min read
Understanding the difference between US and Swiss crypto banks
Silvergage, a well-known US crypto bank, experienced a bank run to the tune of $8.1 billion during the collapse of cryptocurrency...
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![](https://static.wixstatic.com/media/cd0bd4_912a30fe8b9a4d89881f3717c5724178~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/cd0bd4_912a30fe8b9a4d89881f3717c5724178~mv2.webp)
![Crypto Shadow Banking Explain: SEC saved Coinbase from the same fate as BlockFi, Celsius & Gemini](https://static.wixstatic.com/media/cd0bd4_912a30fe8b9a4d89881f3717c5724178~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/cd0bd4_912a30fe8b9a4d89881f3717c5724178~mv2.webp)
Anton Golub
May 3, 20232 min read
Crypto Shadow Banking Explain: SEC saved Coinbase from the same fate as BlockFi, Celsius & Gemini
The crypto industry’s biggest secret, Shadow Banking where cryptos worth billions of dollars are borrowed & lent on an un-collateralized...
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![](https://static.wixstatic.com/media/cd0bd4_c96839a68b0744799e1f6d14faad4c5c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/cd0bd4_c96839a68b0744799e1f6d14faad4c5c~mv2.webp)
![Credit Lines in Crypto Shadow Banking](https://static.wixstatic.com/media/cd0bd4_c96839a68b0744799e1f6d14faad4c5c~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/cd0bd4_c96839a68b0744799e1f6d14faad4c5c~mv2.webp)
Anton Golub
May 3, 20232 min read
Credit Lines in Crypto Shadow Banking
The bankruptcy documents of the cryptocurrency exchange FTX provide a remarkable insight into the secretive world of the crypto shadow...
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![](https://static.wixstatic.com/media/cd0bd4_b8bba020bc874dcfb7da24e9b070000b~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/cd0bd4_b8bba020bc874dcfb7da24e9b070000b~mv2.webp)
![Crypto Industry Secrets: Shadow Debt Market](https://static.wixstatic.com/media/cd0bd4_b8bba020bc874dcfb7da24e9b070000b~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/cd0bd4_b8bba020bc874dcfb7da24e9b070000b~mv2.webp)
Anton Golub
May 3, 20232 min read
Crypto Industry Secrets: Shadow Debt Market
Hidden behind the public view is one of crypto industry’s biggest secrets, the Shadow Debt Market, where cryptos worth billions of...
0 views0 comments
![](https://static.wixstatic.com/media/cd0bd4_10e20fcb4d524a4ca78ed47e67a7ddfc~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/cd0bd4_10e20fcb4d524a4ca78ed47e67a7ddfc~mv2.webp)
![The collapse of FTX and Alameda explained](https://static.wixstatic.com/media/cd0bd4_10e20fcb4d524a4ca78ed47e67a7ddfc~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/cd0bd4_10e20fcb4d524a4ca78ed47e67a7ddfc~mv2.webp)
Anton Golub
May 3, 20232 min read
The collapse of FTX and Alameda explained
Here is a clear explanation of what happened in the FTX & Alameda Research fiasco, which doesn’t involve wild speculation, but is based...
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![](https://static.wixstatic.com/media/cd0bd4_6b189cfb5fb44b1fac036278ff0bea9a~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/cd0bd4_6b189cfb5fb44b1fac036278ff0bea9a~mv2.webp)
![Crypto market-making superpowers: Hidden Call Options](https://static.wixstatic.com/media/cd0bd4_6b189cfb5fb44b1fac036278ff0bea9a~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/cd0bd4_6b189cfb5fb44b1fac036278ff0bea9a~mv2.webp)
Anton Golub
May 3, 20232 min read
Crypto market-making superpowers: Hidden Call Options
It seems like everyone defines crypto market-making slightly differently: ask 10 industry OGs and you will get 10 variations of a similar...
6 views0 comments
![](https://static.wixstatic.com/media/cd0bd4_23308838e91d45ee989ef84fbf192183~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/cd0bd4_23308838e91d45ee989ef84fbf192183~mv2.webp)
![Crypto Shadow Banking Explained: Credit for Market Makers](https://static.wixstatic.com/media/cd0bd4_23308838e91d45ee989ef84fbf192183~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/cd0bd4_23308838e91d45ee989ef84fbf192183~mv2.webp)
Anton Golub
May 3, 20232 min read
Crypto Shadow Banking Explained: Credit for Market Makers
Crypto shadow banking is our industry’s biggest secret, where billions are borrowed & lent on un-collateralized basis. While the public...
6 views0 comments
![Understanding the bankruptcy of FTX and Alameda](https://static.wixstatic.com/media/cd0bd4_65f90aaed2f94201b6a4a9f98ee423f6~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/cd0bd4_65f90aaed2f94201b6a4a9f98ee423f6~mv2.webp)
Anton Golub
May 3, 20232 min read
Understanding the bankruptcy of FTX and Alameda
I have been in the crypto industry for 10 years, running a crypto exchange & market-maker, and it’s fascinating to have an insider...
2 views0 comments
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