Strike Ensures Bitcoin Collateral Safety with No-Rehypothecation Policy

Jack Mallers, CEO of Strike, has announced the company’s new lending product will not rehypothecate customer Bitcoin deposits, addressing concerns after the collapses of companies like FTX and Celsius. This no-rehypothecation policy aims to restore trust in centralized Bitcoin lending and offer greater security for those holding Bitcoin as collateral. The move is expected to attract investors wary of past lending platform failures.