– Advertisement – BNB Chain’s Venus Protocol has announced a partnership with Floki. Venus will integrate Floki in their isolated markets allowing users to pledge FLOKI tokens as collater...
Tag: Collateral
Adani Credit Facilities Expose Collateral Web Full of Red Flags
(Bloomberg) — Financing arrangements across the Adani Group conglomerate have sent a fresh chill through ESG markets as investors wake up to a new risk. Most Read from Bloomberg Norway’s largest...
Binance Admits Mistake of Holding Collateral Tokens with User Funds
Yuri Molchan Binance is working to correct mistake of mixing its collateral and customers’ funds In a recent article, Bloomberg reported that Binance has admitted to mistakenly storing the colla...
Open letter to crypto: What is wrong with this industry? Binance pools customer funds with collateral
Exasperation. Irony. Apathy. This week’s story about Binance and its mismanagement of reserves raises many emotions. If you missed it, Bloomberg reported that Binance “mistakenly” pooled collateral fo...
Binance Mixed-Up Customer Funds With B-Token Collateral
The Binance crypto exchange has mistakenly stored customer funds in the same wallet used to store collateral for its Binance-pegged tokens. PoR Reveals Funds Mix-Up According to a report published by...
Binance admits storing client funds with company collateral
Binance is addressing a financial mistake after it admitted to storing some customer funds in the same wallet with company collateral for in-house tokens. According to information available on the Bin...
Binance mixes user funds with B-Token collateral by ‘mistake’
World’s largest crypto exchange Binance has acknowledged that it has mistakenly stored token reserves and user funds in the same wallet, according to a Bloomberg report. Reserves for nearly half of th...
Binance Admits To ‘Mistake’ of Storing Its Users’ Crypto Assets Inside Collateral Wallet: Report
The world’s largest crypto exchange by volume is publicly addressing what it says is a mistake in handling customer assets. According to a new Bloomberg report, Binance said it mistakenly kept collate...
Binance Held Token Collateral And Customer Funds In The Same Wallet
– Advertisement – Binance held token collateral and user funds in the same cold wallet. The exchange claims it was a mistake and is currently rectifying the issue. The cold wallet curren...
BNB price up despite reports Binance mixed client funds with collateral
Binance Coin (BNB/USD) has sustained its bullish trend amid reports by Bloomberg that the Binance exchange mistakenly mixed client funds with Binance-peg tokens (B-Tokens) collateral. At press time, t...
Paxos wants to up USDP collateral backing for MakerDAO’s DAI stablecoin
Paxos has proposed a partnership with MakerDAO that will essentially increase the Paxos dollar (USDP) backing for the DAI stablecoin issued by the Maker protocol. Before it, Maker collaborated with Ge...
FTX: Alameda could borrow up to $65 billion without collateral
FTX’s back door to Alameda gave the research arm access to borrow billions of customers fund without collateral The recovered funds are less than the assets that were supposed to be on both FTX.com an...
Frax is Working on Fractional Collateral Stablecoin Solutions
Frax Finance has been one of 2023’s hottest decentralized finance protocols. As stablecoin and liquid staking narratives gain traction, its native token has been on a wild ride up. Frax has been using...
Is this crypto investment firm collateral damage of bear market 2022? Decoding…
Midas Investments announced that it will cease operations due to significant losses incurred in 2022 The firm plans to shift to a centralized decentralized finance (CeDeFi) model Custodial crypto inv...
Ankr Exploit Causes Collateral Damage
Decentralized Web3 infrastructure provider Ankr sought to reassure its community Friday with an initial response to the theft of at least $5.5 million from BNB Chain liquidity pools and money markets....
Bankrupt BlockFi Suing FTX Founder Over Robinhood Shares Promised as Collateral: Report
The recently bankrupt crypto lender BlockFi is suing FTX CEO Sam Bankman-Fried to obtain shares of Robinhood he allegedly pledged to the company as collateral earlier this month. The filing, which wa...
DeFi lender Compound to set borrow caps on 10 crypto collateral assets
Compound will enforce loan limits on 10 crypto tokens in its version 2 protocol at the end of November, thus reducing the amount of the affected collateral that users can borrow. This decision i...
MakerDAO Removes Alameda-linked renBTC As Reserve Collateral
MakerDAO has announced that it has passed a governance vote which will remove Alameda Research-linked renBTC from its stablecoin collateral vaults. The move comes after the team at Ren stated that th...
MakerDAO Disposes of renBTC as Stablecoin Collateral
MakerDAO – the issuer of the decentralized stablecoin DAI – unanimously passed a proposal this week to remove renBTC as a form of reserve collateral. The Bitcoin-pegged token was deemed too risky to ...
MakerDAO delegates approve GnosisDAO token as DAI collateral
MakerDAO token holders and delegates have approved GnosisDAO (GNO) tokens as a new vault type for its multi-collateral DAI stablecoin system. Data from the voting page shows 91% approval for onb...
MakerDAO passes vote to close Alameda-linked renBTC as stablecoin collateral
Dai stablecoin issuer MakerDAO passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what’s deemed a risky asset by the DAO. RenBTC is a wrapped bitcoin as...
Bankman-Fried Says Collateral Crashed by $51 Billion as FTX Fell
(Bloomberg) — Sam Bankman-Fried, disgraced founder of the now collapsed crypto exchange FTX and trading house Alameda Research, apologized to staff in a letter that outlined a crash in “collater...
FTX’s Collateral Dropped to $9 Billion from $60 Billion
On Tuesday, November 22, in a letter to staff, FTX founder Sam Bankman-Fried outlined a $51 billion crash in the company’s collateral which has dropped to $9 billion from $60 billion. In his letter ob...
Crypto.com’s Exposure to FTX Less Than $10 Million Says CEO — CRO Token Not Used as Collateral – Featured Bitcoin News
According to the CEO of Crypto.com, Kris Marszalek, his firm had recovered much of the $1 billion that had been sent to FTX when the crypto exchange collapsed. However, he acknowledged that at the tim...
Compound pauses use of four tokens as collateral
Compound (COMP/USD), an Ethereum-based decentralised lending protocols that’s among the top markets in the crypto industry, has adopted a proposal suspending the use of four digital assets as lending ...
TrueFi’s $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral
“Defaults are ordinary course in this asset class and critically important to refining risk parameters and pricing over time,” Roshan Dharia, head of lending at Archblock, a core TrueFi co...
Chronoly (CRNO) Can Bring Bored Ape (APE) Collateral Gains
The Chronoly (CRNO) project has launched after a successful presale and the project has the ability to bring Bored Ape level collateral to crypto. A recent news story said that an investor was able to...
Someone Borrowed $1.3M in Ethereum Using Mutant Ape NFTs as Collateral
DeFi lending was already big business, but a quickly growing niche is borrowing against valuable NFTs and using them as collateral for loans. Fragment, the holder of a pair of Mutant Ape Yacht Club NF...
Cardano (ADA) Now Supported as Collateral by Kraken Futures
Alex Dovbnya Cryptocurrency trading platform Kraken has added Cardano (ADA) as a new futures collateral currency Cryptocurrency exchange Kraken has announced that Cardano (ADA) is now supported as a c...
SPELL up as Binance Loans adds token to collateral assets
Spell (SPELL/USD) is up more than 12% in the past 24 hours to currently trade at $0.0016. The gains have pushed the SPELL token up by 54% this past two weeks, and +46% in the past 30 days. SPELL, whic...
Ethereum Founder Kicks MakerDAO Proposal to Use Ethereum As Major DAI Collateral
– Advertisement – Ethereum founder Vitalik Buterin says using ETH as the main collateral for DAI is a terrible idea. With MakerDAO’s founder, Rune Christensen proposing that its stableco...