Digital asset lending firm, Genesis Capital, said it would take risks in filing for bankruptcy with Three Arrows Capital but would try to reduce the hedge fund’s bad debt risk as much as possible, acc...
Tag: Insolvency
Price of Bitcoin Exchange KuCoin’s KCS Token Tanks Amid Insolvency Rumors
The price of KuCoin (KCS), native token of the KuCoin cryptocurrency exchange, has tanked over the past seven days following insolvency rumors. At the time of writing, KuCoin was down 17.34% in the pa...
KuCoin CEO denies rumors of insolvency
Crypto Twitter has been filled with rumors about the KuCoin exchange facing insolvency. These rumors have affected the price of KuCoin’s native token, KCS, which has been down by 15.6% during the past...
KuCoin (KCS) Price Crumbles Following Insolvency Rumors
KuCoin utility token KCS has been in a sluggish condition in the last few days, as the major cryptocurrency exchange faces a flood of insolvency rumors. Tuesday’s CoinMarketCap statistics reveals that...
Celsius Network Slashes 25% of its Workforce amid Potential Insolvency
Celsius Network’s woes continue to deepen because the crypto lending company has reduced its workforce by 150 employees, including those based in Israel, according to media outlet CTech. The American-...
Jeremy Allaire refutes allegations Circle is on the brink of insolvency
Circle CEO Jeremy Allaire on July 2 posted a Twitter thread responding to unfounded allegations that Circle is floundering amid the challenging market conditions. In debunking the claims, Allaire said...
KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”
Crypto exchange KuCoin found itself at the center of discussion when a sub-community of Crypto Twitter started warning investors about an incoming ban on funds withdrawal. KuCoin CEO, Johnny Lyu, was ...
KuCoin CEO Denies Insolvency Rumors and Exposure to LUNA, 3AC
The past few weeks have been particularly detrimental for the cryptocurrency industry as major market participants experienced massive challenges. One of the largest centralized lending platforms – Ce...
Babel Finance Reportedly Loses Top Employees Amid Insolvency Rumors
According to crypto news and research website The Block, beleaguered crypto lender Babel Finance is starting to lose several key employees just weeks after the firm suspended withdrawals and battled I...
Voyager Digital facing insolvency, echoes of 2008 in crypto markets
2008 echoes The crypto contagion continues to ripple. What we are witnessing in the cryptocurrency markets is similar to what Wall Street banks went through in 2008. That is, overleveraged firms stari...
Crypto Lender Celsius Receives New Bailout Offer Amid Insolvency Fears
Embattled crypto lender Celsius received a second buyout offer this week amid growing concerns over its insolvency. This offer comes from lender Chainge, which earlier in the week issued a letter of i...
Celsius is risking insolvency – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
Crypto lender risks insolvency after it pauses withdrawals CEL token has plummeted more than 50% in the last 24 hours Celsius Network held a $3.5 billion pre-money valuation Crypto moneylender Celsius...
Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16
The 2022 version of crypto winter has been unlike anything we’ve seen before. As I warned last month, the meltdown of the Terra ecosystem didn’t end with Luna Classic (LUNC) hitting zero. The biggest ...
Magic Internet Money (MIM) Stablecoin Depegs Amid Insolvency FUD
Magic Internet Money (MIM), the native token of the Abracadabra DeFi platform, is the latest stablecoin to lose its peg as crypto markets unwind. MIM, which is the 42nd largest stablecoin by market ca...
Everything About Three Arrows Capital’s Insolvency Risks and What Happened
One of the largest crypto venture capital firms, Three Arrows Capital, is on the verge of insolvency as it grapples through asset sales and bailouts. The recent condition of 3AC links to all that has ...
Three Arrows Capital Founders Come Clean On Insolvency Risks
Three Arrows Capital’s co-founders Kyle Davies and Zhu Su in an interview on Friday said the firm is considering asset sales and bailout as the insolvency risk looms. Davies says, after suffering heav...
BitMEX and Others Exiting Three Arrows Capital Amid 3AC Insolvency Fears
Three Arrows Capital was a darling among crypto investment firms for years. Now, amid the crypto bear market and after the Terra collapse last month, 3AC appears to be at real risk of insolvency and c...
Avalanche Distances Itself From Three Arrows Amid Insolvency Fears
Ethereum competitor Avalanche said on Friday that it has little exposure to beleaguered hedge fund Three Arrows Capital, as the latter faces a potential insolvency. The blockchain said in a tweet tha...
Celsius Drama, 3AC Insolvency Rumors, Bitcoin Amid $20K: This Week’s Crypto Recap
The market has taken a beating over the past seven days, and it’s not looking very good at the time of this writing. Bad news came from various fronts, which resulted in close to $400 billion being wi...
Celsius Surrounded by 4 Separate Jurisdiction Regulators Amid Insolvency
Bitcoin News The Securities and Exchange Commission was also in contact with Celsius. The firm has temporarily suspended Customer withdrawals, swaps, and transfers. State authorities are investigating...
Three Arrows Capital (3AC) Facing Insolvency as per Recent Reports
7 hours ago | 2 mins read Bitcoin News According to reports, the 3AC “liquidation” reached at least $400 million. According to Dune Analytics, 3AC’s portfolio allocation is $372.47 million. Digital cu...
Celsius Undergoing Restructuring Process With Attorneys To Address Potential Insolvency: Report
An embattled crypto lending platform is contemplating a financial restructuring plan in the wake of its native token dropping by 99% from its all-time high. In a new report, the Wall Street Journal re...
Hindsight 20/20: The ‘Missed’ Signs Of The Celsius Insolvency
Celsius’ problems look like they have only just begun but there is a lot of data that shows that the current insolvency had been a long one in the making. As investors gnash their teeth about not seei...
Crypto fund Three Arrows Capital faces potential insolvency after lender liquidation
The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders. According to well-placed sources, the investment...
Three Arrows Capital boss breaks silence amid insolvency rumours
Zhu Su, co-founder and CEO of Three Arrows Capital, appears to have addressed rumors regarding the crypto investment firm’s operations and solvency. “We are in the process of communicating with releva...
DeFi contagion fears and rumors of Celsius and 3AC insolvency could weigh on NEXO price
The price of Nexo (NEXO) continued to fall on June 15 as crypto lending firms continue to be shaken by the falling cryptocurrency market. Meanwhile, Nexo has denied rumors of exposure to Three Arrows ...
Crypto Hedge Fund CEO Breaks Silence On Rumored Insolvency Issues
As the crypto market gets clobbered by threats of a recession and Celsius Network pausing withdrawals, Three Arrows Capital CEO Zhu Su has broken the silence on his company’s rumored liquidity woes. A...
Three Arrows Capital Becomes 2nd crypto issuer Facing Insolvency
Singapore-based crypto hedge fund Three Arrows Capital (3AC) is facing insolvency issues following the extreme market condition in the crypto industry. Reports show that the hedge fund manager has liq...
Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency – Bitcoin News
According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liqu...
Three Arrows Capital insolvency rumors draw questions over soundness of DeFi
? Want to work with us? CryptoSlate is hiring for a handful of positions! Rumors that Singapore-based crypto hedge fund managers Three Arrows Capital (3AC) may be insolvent are doing the rounds on soc...
Prominent crypto hedge fund’s tweet stokes fears over insolvency amid market turmoil
Since the beginning of May, the cryptocurrency markets had already been rocked by two high-profile crashes, which agitated an asset class that was already under pressure as a result of tighter monetar...