Yuri Molchan Head of FTX crypto trading giant has attempted to save sinking crypto businesses during Bitcoin crash, here’s outcome In a recent article, Bloomberg shared that the chief of the FTX...
Tag: Bailout
FTX CEO Says Crypto Winter Bailout had ‘Mixed’ Results
Sam Bankman-Fried, the Chief Executive Officer of FTX Derivatives Exchange, has shared his hopes about the company’s bouts of investment in distressed crypto firms. In an interview with Bloomberg, Ban...
Airline unions urge carriers not to resume buybacks when bailout ban ends this fall
A United Airlines flight crew walks through the terminal at San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images The largest U.S. airlines...
FTX CEO Sam Bankman-Fried Says Bailout Efforts Within Crypto Industry Have So Far Been a Let Down – Here’s Why
The chief executive of crypto exchange platform FTX says that the bailout efforts within the crypto industry so far have been lackluster. In a new interview on Decrypt’s GM Podcast, FTX CEO Sam Bankma...
Bankrupt Voyager Digital Calls FTX’s Bailout a ‘Low-Ball Bid’
Sam Bankman-Fried’s FTX may have been hailed as the savior of the crypto winter, but in the latest twist in its acquisition streak, the company has been accused of low-balling one of its rescue offers...
FTX proposes bailout plan for Voyager Digital customers
In the wake of Voyager Digital’s declared bankruptcy, FTX is proposing a comeback plan for customers who were burned by the bankruptcy. It is yet another attempt by the exchange to rush to the aid of ...
It is in Talks with “Interested Parties” for Bailout, Says Zipmex
Zipmex, a cryptocurrency trading platform, is looking ahead as it has confirmed that it is in talks with interested parties who would like to bail out the platform from its recently identified woes. ...
FTX Proposes Joint Proposal to Bailout Bankrupt Voyager’s Customers
FTX crypto exchange announced on Friday that its plans to give Voyager Digital’s customers access to some of their funds. According to a joint proposal between FTX and Alameda Ventures, a trading firm...
Celsius Would Rather Lose $6 Billion Bailout Than Disclosing Its Financial Records, Investor Says
Celsius has managed to pay off several million dollars in debts after nearly filing for bankruptcy due to lack of liquidity, raising all sorts of conjectures regarding the origin of its funds. On June...
Binance CEO CZ on Sam Bankman-Fried’s Voyager Bailout: ‘I Would Never Do That Type of Deal’
Binance CEO Changpeng Zhao—better known to everyone in crypto as “CZ”—wouldn’t have made the deal that Alameda Research made with Voyager Digital. Alameda, the firm founded by crypto billi...
Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation – Coinotizia
The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took...
Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation – Bitcoin News
The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took...
Crypto’s Brutal Week Ends With a Trading Halt and a Bailout
(Bloomberg) — The meltdown in cryptocurrency markets deepened this week, as major players contended with liquidations, withdrawal freezes, trading halts — and, at least in one case, a bail...
FTX Exchange Walked Out on Celsius’s Bailout Amidst Bad Finances
FTX Derivatives Exchange was reportedly amongst the deep-pocket investors that showed interest in coming to the aid of embattled crypto lender Celsius Network but walked away after getting the full de...
Morgan Creek Digital to Raise $250m, Balancing BlockFi’s Bailout from FTX
Bailing out the crypto lending platform BlockFi has become one of the most significant endeavours for early investors in the company such as Morgan Creek Digital. According to an exclusive Coindesk re...
Morgan Creek in Talks With Investors to Join FTX in the BlockFi Bailout
Morgan Creek Digital, a cryptocurrency investment firm, is reportedly in talks with potential investors as it seeks to raise funds to counter FTX’s proposed bailout of crypto lender BlockFi. As report...
Morgan Creek Said To Be In Bid To Secure $250-M To Counter FTX BlockFi Bailout
A leaked investor call from Tuesday discloses that Morgan Creek Digital is attempting to collect $250 million from investors to acquire a controlling interest in crypto lender BlockFi. Through partici...
Tether co-founder: FTX’s bailout of crypto firms is for the ‘good’ of the industry
Reeve Collins, co-founder of Tether and current CEO of BlockV, an NFT-focused platform, says the problems affecting crypto companies today are the “inevitable missteps” that will eventually give way t...
This Hedge Fund Is Trying To Bailout BlockFi To Counter FTX
According to a crypto news website Coindesk, a leaked call has revealed that BlockFi’s long time backer Morgan Creek Digital, is trying to raise $250 million to counter FTX’s bailout. The bailout is s...
Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows
According to Yusko, the FTX credit line proposal had a catch for BlockFi’s existing shareholders: It gave FTX the option to buy BlockFi “at essentially zero price.” If FTX were to exercise said option...
How the BlockFi bailout could signal a change for the crypto industry
Facing a liquidity crisis, this week crypto lending platform BlockFi announced that it signed a term sheet with FTX to provide a $250 million revolving line of credit, which will be used to bolster it...
BlockFi Raises Rates Three Days After FTX Bailout
Key Takeaways BlockFi is increasing its interest rates on BTC, ETH, and stablecoins. The company claims the rise in rates is made possible by its effective risk management strategies, decreasing marke...
Bailout Might Not the Best Option for Saving Poor Crypto Projects, Says CZ
Binance Chief Executive Officer, Changpeng Zhao (CZ) shared a note on Thursday that bailouts should be conducted conditionally, some of the projects might not be worth to be saved due to their poor pe...
U.S. SEC Commissioner Not In Support Of Bailout To Crypto Firms – crypto.news
The United States Securities and Exchange Commission (SEC) commissioner, Hester Peirce, sees no reason why the SEC should bail out crypto companies. Peirce believes that it is best to let things pan ...
Binance Refuses to Bailout Failed Crypto Projects
After cryptocurrency exchange FTX extended a helping hand to troubled crypto lender BlockFi and Voyager, there have been rumors that Binance might announce some bailouts too considering its healthy ca...
Alameda Lends Voyager a $500 Million Crypto Winter Bailout
The current market conditions have proved difficult for several small cryptocurrency firms to sustain their enterprise. Companies like Three Arrows Capital and Celsius have confessed to facing severe ...
Crypto Lender Celsius Receives New Bailout Offer Amid Insolvency Fears
Embattled crypto lender Celsius received a second buyout offer this week amid growing concerns over its insolvency. This offer comes from lender Chainge, which earlier in the week issued a letter of i...
BlockFi secures $250 million bailout from FTX
BlockFi secured a $250 million credit facility from crypto exchange giant FTX in a reprieve for the US crypto lender. “Today BlockFi signed a term sheet with FTX to secure a $250m revolving cre...
Celsius Rise As Rumors Circulate Celsius Is Due For A Bailout
– Advertisement – Celsius may be finally looking at a light at the end of the tunnel after a week of turmoil and the threat of liquidation. Rumors currently gracing the crypto waves curr...
More Trouble for 3AC as it now looks for Crypto Bailout and Asset Sale Option
Three Arrows Capital is now in the process of being liquidated by cryptocurrency lending platforms. After failing to meet its margin calls, BlockFi, one of the main decentralized finance (DeFi) lendin...
Three Arrows Capital Considering Bailout
Alex Dovbnya High-flying hedge fund seeking bailout, according to co-founder Kyle Davis Embattled cryptocurrency hedge fund Three Arrows Capital (3AC) is working on securing a bailout agreement, accor...
Sam Bankman-Fried Comments on Voyager Declining FTX’s Bailout Offer
FTX chief Sam Bankman-Fried has lashed out at the troubled crypto lender after its lawyers rejected the buyout offer. He said Voyager still has 75% of its assets and questioned why hasn’t the company ...