“Approximately two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet markets or scams. For example, Bitzlato’s top three receiving counterparties, by tota...
Tag: Counterparty
Binance Named as Counterparty in an Order Against Bitzlato
Binance has been named as a key counterparty to a digital asset platform Bitzlato. Bitzlato’s founder was arrested on Tuesday for a laundering scheme worth $700 million. Allegedly, the Hong Kong-based...
CoinFLEX reveals Roger Ver as the counterparty responsible for its liquidity issues
Several cryptocurrency companies have been facing severe liquidity issues recently due to the state of the cryptocurrency market. Due to the low trading and overall bearish sentiments, there has been ...
Crypto Exchange CoinFLEX Freezes Withdrawals Due to Counterparty ‘Uncertainty’
Another cryptocurrency platform has frozen user withdrawals in response to the bear market. Crypto derivatives exchange CoinFLEX today announced that it is discontinuing account withdrawals on its pla...
Crypto Futures Exchange CoinFlex Suspends Withdrawals Citing Counterparty ‘Uncertainty’
Cryptocurrency futures exchange CoinFlex has temporarily suspended all withdrawals citing “extreme market conditions and continued uncertainty involving a counterparty.” ● In a blog post on Thursday, ...
Crypto lending platform Babel Finance reaches counterparty debt agreement
Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties. As previously reported, t...
Genesis Trading says it liquidated position of ‘large counterparty’ amid Three Arrows controversy
Michael Moro, CEO of crypto lending and trading firm Genesis, said Friday that the firm had liquidated the collateral of a “large counterparty” — all but confirming its connection to...
Genesis Trading CEO Reveals It Mitigated Losses With a ‘Large Counterparty’
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Genesis Trading Confirms “Large Counterparty” Liquidation Amid 3AC Crisis
Key Takeaways Genesis Trading CEO Michael Moro has confirmed that the firm liquidated “a large counterparty” this week. Though he didn’t name the counterparty, he was likely referrin...
BlockFi liquidates major counterparty after it fails to meet margin call
? Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto lending platform BlockFi liquidated a large client after it failed to meet obligations on an overcollateralized margin ...