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:
Update
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!