VCs: "we'd love to help you backstop crypto firms and provide liquidity because we care deeply about preventing market contagion"
also VCs: "can we please do it for the one great company (after you fix it) and make a lot of money doing it, you can take the others k thx bye"
2) BlockFi has careful risk management and great leadership.
So they successfully removed at-risk counterparties preemptively.
BlockFi customer assets are appropriately managed, with no debt/risk from 3AC, Celsius, etc.