2 hours ago | 2 mins read Defi News Alex and his family still had $44 million worth of crypto assets locked with Celsius. The company filed for bankruptcy and halted withdrawals from users. Around Jun...
Tag: Insolvency
Vermont Regulator Implies Celsius Insolvency Since 2019, Requests Closer Financial Look
As Celsius’ bankruptcy case drags on, more and more evidence of financial misconduct – or at the very least, mismanagement – seems to be coming to light. Prior reports had already indicated that the c...
Tether fights back against insolvency claims, EU struggles to curb inflation
The biggest news in the cryptoverse for Aug. 30 includes the FBI’s warning against using DeFi protocols, liquidation of $20 million in Bitcoin longs, and Tether’s fightback against WSJ insolvency clai...
Tether responds to WSJ’s insolvency claim, says its US Treasury assets are safe
Tether has responded to concerns raised by a recent article by The Wall Street Journal claiming that the USDT issuer has inadequate reserves. Tether’s financials released on Aug. 25 revealed it has $6...
Tether is on the Brink of Insolvency, Balance Sheet in Worse Condition: Wall Street Journal
Two weeks ago, Tether made headlines about the improvement in its market capitalization and the fact that it managed to reverse a three-month downtrend. However, Wall Street Journal’s (WSJ) recent art...
BendDAO Hit by Insolvency Crisis as Ethereum Reserves Drained
Key Takeaways BendDAO is a lending protocol for NFTs. The project is currently suffering from an insolvency crisis as ETH depositors have rushed to withdraw their funds, creating a bank run scenario t...
German Crypto Bank Nuri Files for Insolvency
Nuri, a cryptocurrency-focused digital banking platform announced it has filed for insolvency in Germany on Tuesday, citing the prolonged crypto winter. The company has assured that customers’ a...
German fintech Nuri files for insolvency amid market downturn
German fintech firm Nuri, formerly known as Bitwala, filed for insolvency at a Berlin court on Tuesday. The company filed for insolvency to “stay ahead of a lasting strain on the liquidity of [the] ...
Nuri Exchange Keeps Deposits Open Despite Filing for Insolvency
German cryptocurrency exchange Nuri has filed for insolvency with a court in Berlin, becoming the latest in a string of digital assets platforms to face credit issues. The company, founded in 2015, de...
Nuri, The German Crypto Bank, Has 500K Users Files For Insolvency
Nuri stated that it has been facing a lasting strain on its business liquidity The reason is – significant macroeconomic headwinds and the cooling down of public and private capital markets However, t...
German crypto bank Nuri with 500K users files for insolvency
Nuri, a German startup crypto bank with 500,000 customers, filed for insolvency on Tuesday, citing major crypto sell-offs, insolvency of Celsius and other crypto funds earlier this year as a reason fo...
Germany-based Nuri files for insolvency, CoinFlex kicks off restructuring process
Unfavorable market conditions have forced German-based crypto bank Nuri to file for insolvency. Nuri announced on August 9 that it has become insolvent due to financial struggles due to the crypto win...
German Crypto Exchange Nuri Applies for Insolvency Due To The Crypto Winter
The 2022 crypto winter has claimed a new victim. On August 9, the German cryptocurrency exchange Nuri filed for insolvency before the Berlin court due to the prolonged bearish cycle that the crypto ma...
German crypto broker Nuri (formerly Bitwala) files for insolvency
After a market-wide meltdown submerged the cryptocurrency sector, caused by the collapse of some of its major participants in recent months, another crypto company has found itself in trouble. Indeed,...
German Exchange Nuri Files for Insolvency
Key Takeaways The Berlin-based cryptocurrency exchange Nuri (formerly Bitwala) filed for insolvency in Germany today. The company will continue to allow users to withdraw funds even as it proceeds wit...
German Crypto Exchange Nuri Files for Insolvency
The exchange has struggled to find new investors since its latest Series B round in 2021 The company says the bear market and political uncertainties have played a role in its insolvency Nuri, one of ...
CEO of now-bankrupt Voyager made millions offloading firm’s stock months before insolvency
New details have emerged regarding insider trading activity at cryptocurrency lending platform Voyager Digital months before the recent bankruptcy filings that resulted in users losing their investmen...
KuCoin CEO Clarifies Insolvency Rumours as FUD Spreads
KuCoin Exchange’s Chief Executive Officer, Johnny Lyu, has continued to dispel all rumours that the trading platform is turning insolvent. The rumours emanated from a now-deleted Twitter account with ...
KuCoin CEO Denies $500M Insolvency Claim by Whistleblower
Following the recent crypto market crash that led to the collapse of several crypto-focused projects such as Terra Network and Three Arrows Capital (3AC), Crypto Twitter has been filled with circulati...
KuCoin Addresses Recent Insolvency FUD on Twitter
The CEO of KuCoin Johnny Lyu has addressed the rumors that the exchange is insolvent and could halt withdrawals in the coming days. The rumors emerged through a tweet from a now-deleted Twitter accoun...
CEO Reacts To Insolvency Claims
In the recent times, KuCoin CEO Johnny Lyu found himself facing rumors about the exchange. Earlier this month, rumor had it that the exchange would halt withdrawals on their platform owing to heavy lo...
Crypto firms facing insolvency ‘forgot the basics of risk management’ — Coinbase
Department heads at Coinbase have weighed in on the market downturn amid solvency concerns surrounding Three Arrows Capital, Celsius Network and Voyager Digital, saying the crypto exchange had “no fin...
Insolvency, Bankruptcy And Brutal Crashes: Lessons To Be Learnt From The Crypto Market – Coinpedia – Fintech & Cryptocurreny News Media
The global cryptocurrency market has been hit with turbulent circumstances, and the market is still striving hard to make its comeback. This instability was followed by a liquidity crisis, unemploymen...
Binance Bitcoin Holdings Flips Coinbase Amid Insolvency Rumors
The battle for supremacy among crypto exchanges has often come down to the amount of bitcoin that they hold. This is due to the prestige that comes with the pioneer cryptocurrency and, of course, the ...
Coinbase Gains License In Europe Amid Insolvency Rumors
Crypto exchange Coinbase on Monday said it has gained a crypto asset service provider license in Italy. The license marks a major milestone in the mission to grow its presence in Europe. Last week, th...
Tezos co-founder Kathleen Breitman Says Celsius Insolvency Is Not A Surprise
Celsius’ bankruptcy filing is unsurprising says Tezos co-founder Kathleen Breitman. Breitman calls Three Arrows Capital’s insolvency uniquely bad. The second and third-order effects of the Terra...
Coinbase Insolvency Rumors Grow Following Recent Suspension of Affiliate Program
Coinbase’s decision to suspend its affiliate program has led to rumors that the exchange might be facing a liquidity crisis. The crypto community is divided in its opinion as some believe the affiliat...
Coinbase is Secretly heading Towards Insolvency! A Major Liquidity Crisis on the Horizon
Coinbase exchange is reportedly shut down its Affiliated Marketing Program within the perimeter of the USA, mentioning the reason to be the current market conditions. The platform after the 2021 bull ...
Coinbase Could Be The Next Big Insolvency, Expert Warns
Business Insider reported that Coinbase is temporarily shutting down its affiliate-marketing program in the US. According to an email sent to three creators, the crypto exchange will suspend its progr...
Celsius Takes Measures To Outgrow Insolvency: RePays $20 Million Debt To Aave
Celsius is taking measures to lessen the effects of insolvency. The lending platform has also hired Kirkland & Ellis LLP firm for professional advice. Celsius is also taking steps to reduce some o...
Troubled cryptocurrency lender Celsius has hired new insolvency lawyers, Wall Street Reports –
– Advertisement – Struggling cryptocurrency lender Celsius has hired new restructuring lawyers, according to a report on Wall Street Journal According to the Wall Street Journal, cryptocur...
Blockchain.com May Suffer $270M in Losses for 3AC’s Insolvency
Cryptocurrency exchange Blockchain.com may suffer a total of $270 million in losses due to Three Arrows Capital’s inability to repay loans due to the bankruptcy and liquidation of Three Arrows C...