Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force. ...
Tag: Insolvency
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC’s collateral was held at S...
Huobi Token Plunges 90% In Minutes, Sparks Insolvency Rumors
Huobi Token (HT) has emerged at the center of insolvency rumors following a shocking performance on Thursday. Following the plunge in the general crypto market, Huobi Token took it a step further with...
Silvergate Insolvency Concerns Raise Hopium for Stablecoins
Stablecoin volume is rising as the latest crypto bank fallout – Silvergate – continues to worsen. Silvergate, the crypto-friendly bank, is facing a customer exodus and a steep decline in share price a...
Potential Buyers Inquire about Hodlnaut amid Insolvency Crisis
Potential buyers are interested in embattled crypto lender Hodlnaut following creditors’ preference for liquidation instead of restructuring. According to new reports, potential buyers are making inqu...
Roger Ver says he can afford to pay Genesis $20M but insolvency changes agreement
Bitcoin Cash evangelist Roger Ver said on Jan. 25 that he can afford to pay money that he allegedly owes to Genesis, but that he may not need to do so. On Monday, a subsidiary of Genesis summoned Ver ...
NYDFS advises crypto firms not to commingle user and corporate funds in the event of insolvency
The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face “insolvency or similar proceeding”. In a Ja...
Projects Under Threat Amid Genesis Insolvency; Check Here
Crypto News Today Live Updates December and Latest News: (20 January 2023) The digital asset market printed green indexes on Friday morning amid the increased volatility. The cumulative market cap reg...
Sam Bankman-Fried Insists Bankruptcy Team Is Wrong About FTX US Insolvency
Despite repeated claims from the FTX bankruptcy restructuring team that both the international and U.S. exchanges are missing millions worth of customer funds, disgraced ex-CEO Sam Bankman-Fried says ...
MakerDAO voting to limit DAI exposure to Gemini amid insolvency fears
MakerDAO has begun voting on a pair of governance polls designed to limit exposure of the DAI stablecoin to Gemini as a result of the current liquidity crisis facing the exchange’s lending platf...
SBF Breaks Silence During Home Arrest; Gives Details on FTX (In)solvency
Sam Bankman-Fried (SBF) has released a written statement detailing his account of FTX and Alameda Research’s collapse, including approximations of each firm’s financials before it took place. The for...
Is Crypto Exchange Huobi on the Verge of Insolvency?
The rumor mill starts up again shortly after the New Year. According to some insiders, the next crypto exchange could be busted. This time, it’s Huobi. Is Crypto exchange Huobi on the verge of insolve...
Huobi confirms 20% layoffs, denies insolvency rumors
Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm. “The planned layoff ratio is abou...
Huobi’s HT token drops amid layoffs and insolvency reports
Huobi’s native token plunges, as the reports across crypto media and crypto Twitter hint at layoffs and potential insolvency. HT price down 30% in one month Data from the crypto ranking website CoinMa...
Huobi Plans Staff Layoffs, Rumors of Insolvency Hang in the…
Cryptocurrency exchange Huobi is planning to lay off 20% of its staff amid the crypto market downturn and the fallout from collapsed crypto exchange FTX. In the latest round of all-over cost-cutting a...
Justin Sun Confirms Huobi Staff Layoffs As Insolvency Rumors Swell
TRON founder Justin Sun, rumored to be the shadow owner of Huobi Global, has confirmed that the crypto exchange was laying off a significant amount of its workforce. This comes amid several rumors cir...
USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors
The bear market deepens as negative news and FUD keep popping up. The latest on the list of fear-causing information is Justin Sun’s USDD stablecoin and popular crypto exchange Huobi. Mike Alfred, an...
Justin Sun confirms 20% staff cuts at Huobi amid insolvency rumors
In a text message to Reuters, Huobi’s advisor Justin Sun confirmed that the crypto exchange plans to dismiss 20% of its employees this quarter. “The planned layoff ratio is about 20%, but it is not im...
DCG Insolvency Fears Again Sparks Grayscale Liquidation Speculation – Here’s What We Know
– Advertisement – The fresh concerns have been triggered by Cameron Winklevoss’ recent open letter to DCG Chief Barry Silbert. Digital Currency Group (DCG), the parent company of asset man...
Auros bankruptcy protection filings show funds tied up on FTX
Market making firm Auros filed to begin bankruptcy proceedings in the British Virgin Islands, court documents show. A digital asset market maker and algorithmic trading platform, Auros maintaine...
Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency
Core Scientific experienced a four-day stock surge after one of its creditors offered to pull it out of its financial mess. Core Scientific (NASDAQ: CORZ) recently experienced a 200% stock surge over ...
Explaining the Difference Between Liquidity and Insolvency
To be fair, it is not just crypto companies that say they are merely suffering from a “liquidity crisis” when they are actually insolvent. Traditional financial institutions are just as likely to say ...
Zodia Custody launches service to protect users’ crypto from exchange insolvency
Crypto asset provider Zodia Custody has launched a new service to help protect its clients from exchange insolvency. According to the company, its new service, Interchange, will provide an alternativ...
Zodia Custody rolls out service to protect client assets from exchange insolvency
London-based crypto custodian Zodia Custody is rolling out a new service to protect client assets from exchange insolvency. The new service, Interchange, will enable clients to keep assets throu...
Relm Insurance distances itself from FTX’s insolvency saga
Relm Insurance, a Bermuda-based company that is a prominent specialty insurer for growing crypto businesses, has released a statement distancing itself from the fallout from FTX and Alameda, both of w...
The crypto billionaire who helped expose SBF’s insolvency calls him ‘one of the greatest fraudsters in history’ and accuses media and thought leaders of being manipulated
Changpeng Zhao, better known as CZ, definitely came out ahead after the meltdown of the crypto empire that was FTX—despite the fallout for the greater crypto ecosystem. The billionaire CEO of the worl...
Maple Finance severs ties with Orthogonal Trading over insolvency concerns
Institutional crypto lending protocol Maple Finance has moved to end all its business deals with Orthogonal Trading over concerns that the latter is “effectively insolvent.” Maple Financial lending pa...
Another Bankruptcy Filing in Crypto World — BlockFi Insolvency
Join Our Telegram channel to stay up to date on breaking news coverage On November 28th, cryptocurrency exchange BlockFi became the latest victim of the avalanche of failures that began with the implo...
Exchanges dismiss rumors of insolvency amid rampant speculation
BlockFi became the latest platform to succumb to crypto contagion, filing for Chapter 11 bankruptcy on Nov. 28. Weeks before, after FTX had also filed for bankruptcy, BlockFi issued a statement saying...
Tron Founder’s WETH Insolvency Joke Lands Market into Frenzy
The markets, however, witnessed a significant sell-off due to the chaos created by the tweets regarding WETH’s insolvency. Justin Sun, the founder of Tron, said on Monday that he and Ethereum co-found...
Ripple General Counsel Says SEC May Be Responsible For BlockFi Insolvency
– Advertisement – Alderoty believes that the SEC settlement deal with BlockFi backed the crypto lender into a corner, putting customers at risk. Ripple General Counsel Stuart Alderoty laid...