The leading cryptocurrency lender – Nexo – is looking to purchase the Singaporean digital asset exchange – Vauld. According to a document shared with CryptoPotato, Nexo and Vauld signed a 60-day exclu...
Tag: distressed
Nexo Taking Steps to Acquire Distressed Crypto Lender Vauld
Key Takeaways Nexo has signed an indicative term sheet with Vauld, granting it an exclusive 60-day exploratory period to look into acquiring the firm. Vauld halted customer withdrawals Monday, saying ...
SBF denies FTX is eyeing distressed crypto mining companies
Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter on Saturday that t...
Acquisition of distressed BTC mining companies can prevent fears
The corporate executive concerns a contagion may unfold from crypto mining corporations with loans collateralized with their mining rigs that have since born in value. FTX CEO SAM Bankman-Fried is re...
SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
FTX CEO Sam Bankman-Fried is reportedly turning his attention to the crypto-mining industries with the possibility of acquiring distressed mining firms, Bloomberg News reported. This is coming after F...
FTX CEO Sets His Sights on Acquiring Distressed Mining Companies Next
FTX billionaire Sam Bankman-Fried is eyeing distressed mining companies as potential acquisitions next after extending a credit line to BlockFi. The CEO of the exchange wants to stem the contagion aff...
Crypto Billionaire Sam Bankman-Fried Inks BlockFi Deal, Eyes Distressed Miners Next
(Bloomberg) — Sam Bankman-Fried, the co-founder of crypto exchange FTX US who just signed a deal with BlockFi Inc., said he’s open to exploring acquisitions in the battered crypto-mining industr...
Wall Street Giant Goldman Sachs Raising $2,000,000,000 To Buy Distressed Celsius Assets: Report
Financial services titan Goldman Sachs is reportedly raising $2 billion to purchase discounted assets from embattled crypto lending platform Celsius (CEL). According to a new report by CoinDesk, sourc...
Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice – Bitcoin News
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was h...
Distressed Lending Platform Babel Finance Rescued Amid Crisis
On June 16, major cryptocurrency lending platform Babel Finance announced that withdrawals would be temporarily halted because of “unusual liquidity pressures.” Liquidity issues are currently challeng...