Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Wirecard’s collapse hurts Fintech & Crypto start-ups, like Lehman and Enron burned the economy
ShareTweet
exc-61084d609556bc39e38eb5f4
Home
decentralized finance
Wirecard’s collapse hurts Fintech & Crypto start-ups, like Lehman and Enron burned the economy

Wirecard’s collapse hurts Fintech & Crypto start-ups, like Lehman and Enron burned the economy

Fintech Nexus Staff·
decentralized financeEmbedded Financepaytechphilosophy
·Jun. 29, 2020·1 min read

This week, we consider the impact of financial infrastructure collapse and who really gets hurt through the lens of Wirecard, Enron, and Lehman Brothers. Yes, there are investors in the entity that will lose value. But there are also clients and counterparties of Wirecard, like Curve, Revolut, and Crypto.com. In the case of Lehman, there was a $40 trillion derivatives notional amount that took twenty years to wind down. We also consider the most recent $500,000 hacking in DeFi of an automated market maker to see if there are common threads to be drawn between the two worlds.

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

    View all posts

Tags
BalancerCrypto.comCurveEnronLehman BrothersSamsungThe BancorpWirecard
Related
Curve and credit Suisse $1B credit deal

Curve’s $1 billion Credit Suisse loan fuels live rehearsal for ambitious goals

Podcast 349: Shachar Bialick and Amanda Orson of Curve

Chainlink Co-Founder Sergey Nazarov on building the global decentralized oracle network powering DeFi and Web3

The 2020 guide to Fintech SPACs, and how to get them to like you

Popular Posts

Today:

  • keep-an-eye-on-these-female-fintech-founders 2 (2)Peer-Picked: Female Fintech Founders on the Rise Aug. 12, 2025
  • Fintech Forecast (2)Consulting the crystal ball— which 2025 fintech predictions came true, and what’s in store for the rest of the year? Aug. 7, 2025
  • Jon StonaTips from Airwallex x McLaren on Making the Best of a Fintech Sponsorship  Jun. 18, 2025
  • 124Data Regina America Aug. 5, 2025
  • July 30th FN AI articleThe AI-Powered Ad Machine Jul. 30, 2025
  • Fintech ForecastWhy Every Lender Should Be Using Cash Flow Underwriting Today Jul. 29, 2025
  • Funded MomentFunded: Sunsave lands £113M to scale solar subscriptions and go all-in on home energy Jul. 25, 2025
  • 122In Founders We Trust Aug. 6, 2025
  • David RoosAI’s Pre-Product Gold Rush Aug. 6, 2025
  • Nova Credit Nikki CrossNova Credit Sees BNPL Flashing Consumer Warning Signs Aug. 5, 2025

This month:

  • Penny LeeThe Battle for Open Banking’s Future Jul. 10, 2025
  • Fintech ForecastWhy Every Lender Should Be Using Cash Flow Underwriting Today Jul. 29, 2025
  • Eric GlymanHow Ramp’s CEO Eric Glyman is betting big on AI agents Jul. 15, 2025
  • Pat UtzAbstract CEO on RegTech in the era of Trump 2.0 Jul. 17, 2025
  • Jeff Radke AccelerantAs Accelerant IPOs on NYSE, CEO Jeff Radke Hopes to Usher In Insurtech 3.0 Jul. 24, 2025
  • Chris Taylor Fractional AIFractional AI’s CEO Chris Taylor on Scaling the Unscalable Jul. 23, 2025
  • Dr Luke BarrWhen the Copilot Becomes the Pilot (and You Stop Flying) Jul. 16, 2025
  • Nova Credit Nikki CrossNova Credit Sees BNPL Flashing Consumer Warning Signs Aug. 5, 2025
  • Fintech Forecast (2)Consulting the crystal ball— which 2025 fintech predictions came true, and what’s in store for the rest of the year? Aug. 7, 2025
  • FN articleVisa’s Director of Product Management on BNPL’s Future Jul. 22, 2025

  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results