A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond said Thursday it...
Tag: Defaults
Bed Bath & Beyond Defaults On Credit Line And Can’t Afford To Pay Back Debt—As Bankruptcy Threat Looms
Topline Bed, Bath and Beyond defaulted on its debt earlier this month and has determined it cannot repay some of its lenders, the company revealed in a filing Thursday afternoon, bringing the once-ico...
Bed, Bath & Beyond discloses loan defaults, weighs bankruptcy
Bed Bath & Beyond (BBBY) stock cratered Thursday after the embattled retailer revealed in a new regulatory filing it was hit with a default notice from JPMorgan and does not have adequate funds to...
Crypto market maker Auros defaults on $7.5 million Maple Finance loan payment
Crypto market making firm Auros failed to make a payment on a $7.5 million stablecoin loan from uncollateralized lending platform Maple Finance, according to security and analytics firm PeckShield. &#...
Maple Finance Opts for Immediate Defaults To Curb Bad Loans
Crypto lending platform Maple Finance has introduced a protocol upgrade, dubbed Maple 2.0, after experiencing two major loan defaults from borrowers on its platform. Maple Finance, a decentralized cre...
Maple Finance 2.0 overhaul aims to speed the process for loan defaults
Crypto lending platform Maple Finance has unveiled a major protocol upgrade aimed at making defaults and liquidation procedures less cumbersome in the wake of recent defaults. Maple Finance is a decen...
Orthogonal’s Loan Defaults And More
Crypto firm Orthogonal Trading has defaulted on $36 million worth of loans taken on DeFi lending protocol Maple Finance due to its funds being tied up with bankrupt crypto exchange FTX. Let’s find out...
A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt
(Bloomberg) — Contagion from the messy implosion of Sam Bankman-Fried’s crypto empire is spilling into the world of decentralized finance, after a hedge fund was declared in default on almost $3...
Orthogonal Trading defaults on $36 million of loans on Maple Finance
Orthogonal Trading has defaulted on $36 million of loans on crypto lending protocol Maple Finance after the investing firm’s funds became tied up on bankrupt exchange FTX. The default at...
Auros Global defaults on DeFi loan
Algorithmic crypto trading and market-making firm, Auros Global has failed to make payment on its decentralized finance (DeFi) loan. According to M11 credit, the missed payment could be attributed to ...
Iris Energy Defaults on $100 Million Loan, Cuts Mining Hardware
Australian Bitcoin miner Iris Energy is set to lose 3.6 Exahashes/second of mining power after defaulting on a $108 million loan. Iris Energy will not pay loans taken against the equipment operated by...
Terra-Victim Invictus Capital Defaults on $1M TrueFi Loan
This is the second uncollateralized loan to default on TrueFi within a month following Korea-based Blockwater’s failure to repay its $3 million debt on the platform. Another decentralized lending prot...
Classic Sign of Bottom: Miner Defaults – Trustnodes
No one can predict the future, but we can all be reasonably sure the laws of physics will still apply. The news of a default by one of the biggest bitcoin miner, Core Scientific, worth $4.4 billion la...
Celsius Network defaults on payments to Core Scientific, causing financial unrest
Crypto lender Celsius Network’s legal journey has gained another chapter as Bitcoin (BTC) miner Core Scientific accused the company of refusing to pay its bills since filing for Chapter 11 bankr...
UBS Joins Wall Street Chorus Warning of More US Credit Defaults
(Bloomberg) — The odds are rising that corporate borrowers will struggle to repay their debts as the Federal Reserve opts for jumbo interest-rate hikes to combat inflation, according to UBS Grou...
China Evergrande’s Debt-Crisis Fallout: Losses, Layoffs and More Defaults
Listen to article (2 minutes) When China Evergrande Group began struggling under a mountain of debt last year, it quietly set off a chain reaction across the country. Chinese authorities prevented a ...
South Korean firm Blockwater defaults on $3 million loan from TrueFi
South Korean investment firm Blockwater failed to repay its $3.4 million loan taken from uncollateralized lending provider TrueFi, according to a blog post by TrueFi. Blockwater received a “noti...
Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan
As of the time of writing, 8 payments amounting to $645,405 towards loan repayments have so far been completed by Blockwater. TrueFi, a decentralized lending protocol, has announced that South Korean ...
Crypto Investment Firm Blockwater Technologies Defaults on $3.4M BUSD Loan – crypto.news
South Korean crypto investment firm Blockwater Technologies has defaulted on a $3.4 million loan to the decentralized lending protocol TrueFi. TrueFi Announces First Default on BUSD Loan TrueFi, a dec...
Blockwater Technologies Defaults Loan from TrueFi
Decentralized lending protocol TrueFi announced that Blockwater Technologies has defaulted on a loan, which is another example of the crypto industry’s insolvency crisis. The protocol issued a &...
Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects Much Larger Problems Than 2008 ‘When the Defaults Start’ – Economics Bitcoin News
The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Grea...
Historic Cascade of Defaults Is Coming for Emerging Markets
(Bloomberg) — A quarter-trillion dollar pile of distressed debt is threatening to drag the developing world into a historic cascade of defaults. Most Read from Bloomberg Sri Lanka was the first ...
Compound’s founder is unworried about DeFi defaults
No person desires to see their collateral liquidated The compound has lower than $3 billion in it proper now Crypto markets tanked extraordinarily quick this year Decentralized finance (DeFi) could se...
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Margin calls are coming for cryptocurrency miner...
Roger Ver Allegedly Defaults on CoinFLEX for $47 Million
Key Takeaways CoinFLEX’s CEO has revealed the large counterparty responsible for the company’s $47 million debt is Roger Ver. Ver denies the accusation and claims that it is in fact CoinFLEX that owes...
Russia defaults on debt: what are the long-term impacts?
Since the start of the “special military operation”, Russia has been under immense pressure from Western countries to withdraw from its offensive in Ukraine. Sanctions, the key tools of western govern...
Three Arrows Capital defaults on Voyager loan
Voyager Digital had not received the $670 million loan it had made to Three Arrows Capital by today’s deadline. Voyager has said that it will pursue recovery of the loan, but with Three Arrows Capital...
Russia Defaults On Its Foreign Debt As Grace Period For Payment Expires, Moody’s Says
Topline Russia has defaulted on its foreign debt for the first time since 1918, according to Moody’s, as the country claims its ability to make the payments have been impaired by economic sanctions ag...
Russia defaults on foreign debt
On 27 June, Russia defaulted on its obligations in rubles, and that was enough to decree the Kremlin’s default. The declaration of Russia’s alleged default Sanctions and foreign debt position put Russ...
Three Arrows Capital (3AC) Defaults On $660 Mln Loan
Crypto broker Voyager Digital said on Monday it has issued hedge fund Three Arrows Capital (3AC) with a notice of default. The firm said in a press release that one of its units had issued 3AC with a ...
Russia defaults on debt: what does this mean?
Russia has defaulted on its foreign debt after a grace period on bonds interest payments lapsed on Sunday. The expiry of the 30-day grace period means Russia is in default on its foreign currency debt...
Three Arrows Capital Defaults on Voyager Digital
Key Takeaways Three Arrows Capital was issued a notice of default by Voyager today. The hedge fund failed to repay its 15,250 BTC and $350 million loan to the crypto exchange; Voyager will now be purs...