Crypto lender Nexo has filed a legal lawsuit against its former executive Georgi Shulev for refusing to honor his side of an agreement he signed with the firm before his departure in 2019, Law360 repo...
Tag: lender
Crypto Lender Hodlnaut Applies for Judicial Management in Singapore – crypto.news
Embattled Singapore-based crypto lending platform, Hodlnaut, has applied for protection in the Singapore High Court to be under creditor protection. The crypto exchange wants judicial protection as it...
Crypto Lender BlockFi Named Fastest-Growing US Firm
Inc. magazine has recognized crypto firms as among the fastest-growing privately-owned companies in the U.S., with BlockFi taking the top slot on its list. This comes as a huge validation for the indu...
Canadian Pension Giant Caisse Writes Off $150M Bet on Bankrupt Crypto Lender Celsius
The Canadian fund invested US$150 million in Celsius in the fall of 2021. “Blockchain technology has the potential to disrupt several sectors of the traditional economy. As digital assets grow in adop...
Embattled Crypto Lender Celsius Receives Court Approval for Bitcoin (BTC) Mining and Sales
Embattled crypto lender Celsius Network has reportedly been green-lighted to mine and sell Bitcoin (BTC) amid bankruptcy proceedings. Reuters reports that Martin Glenn, Chief Judge of the U.S. Bankrup...
Crypto Lender Nexo Battles Former Co-Founder
Shulev, who was terminated from his position in 2019, and Nexo are battling over a corporate account The account was frozen because Shulev tried to access it after his exit London-based cryptocurrency...
Crypto Lender Hodlnaut Files for Creditor Protection in Singapore
Hodlnaut is expected to provide its next update on August 19 and hopes that its latest action will give it some time to devise a recovery plan to avoid liquidating customer assets. Crypto lender Hodln...
After Zipmex, Crypto Lender Hodlnaut Files For Creditor Protection
Hodlnaut, a cryptocurrency lender and borrower based out of Singapore has recently filed an application for judicial management. This shall help the platform restructure its business. A little over a ...
Battered Crypto Lender Hodlnaut Seeks Judicial Management
A week after suspending its services, the crypto lending platform Hodlnaut filed for an application to be placed under judicial management with the Singapore High Court. Under judicial management, the...
Troubled crypto lender Hodlnaut files for creditor protection in Singapore
Embattled Asian crypto lender Hodlnaut, which halted client withdrawals last week, has filed for protection against creditors in Singapore as it works toward resolving its liquidity crisis. Announcing...
Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the Company – Bitcoin News
Eight days ago, the crypto lender Hodlnaut announced that the platform was suspending withdrawals after citing volatile market conditions. This week the company says it is seeking judicial management ...
Citi Sues Revlon Over Lender Status After $900 Million Mistake
(Bloomberg) — Citigroup Inc. has sued Revlon Inc. in a bid to resolve a nagging legal question that emerged after the bank mistakenly wired $900 million to the cosmetics giant’s lenders and inte...
Hodlnaut: Crypto lender nearing bankruptcy
Hodlnaut, a Singapore-based cryptocurrency lending company, in recent days notified the Asian city-state’s financial authority (MAS) that it has discontinued the possibility of withdrawals for its cus...
Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation
Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market. The crypto...
Crypto Lender Celsius On Pace to Run Out of Cash by October
“They [Celsius] could obtain debtor-in-possession financing or sell assets,” Brandon M. Hammer, counsel at Cleary Gottlieb Steen & Hamilton, a law firm, told CoinDesk. “However, to take such steps...
Brazilian Crypto Lender BlueBenx Halts Withdrawals after Suffering Hack of $32M
Brazilian crypto lending platform BlueBenx is currently under scrutiny after it halted its users’ withdrawals. Per the email shared by the embattled startup to its customers, it claimed that the...
Brazilian Crypto Lender BlueBenx Halts Withdrawals after Suffering $32M of Hack
Brazilian crypto lending platform BlueBenx is currently under scrutiny after it halted its users’ withdrawals. Per the email shared by the embattled startup to its customers, it claimed that the...
California Financial Regulator Slaps Crypto Lender Celsius With ‘Desist and Refrain’ Order Amid Bankruptcy
California’s financial services regulator is issuing a desist and refrain order to embattled crypto lender Celsius Network for violating state laws. The Department of Financial Protection and Innovati...
Ripple Labs Is ‘Interested’ in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says – Bitcoin News
According to a Ripple Labs spokesperson, the distributed ledger company is interested in learning about the bankrupt crypto lender Celsius and its assets. When Ripple’s spokesperson was asked if the b...
Will Ripple Buy Assets From Bankrupt Crypto Lender – Celsius Network? Know The Truth – Coinpedia – Fintech & Cryptocurreny News Media
A representative for San Francisco-based cryptocurrency company Ripple Labs said on Wednesday that the company might be the ‘potential buyer of the assets of bankrupt cryptocurrency lender Celsius Net...
Ripple Discloses Interest in Bankrupt Crypto Lender Celsius Network
Blockchain payments firm, Ripple Labs Inc, is reportedly interested in the bankrupt crypto lending platform Celsius Network. As reported by Reuters, a company spokesperson gave insight into the compan...
Ripple Labs Reportedly Interested in Purchasing Crypto Lender Celsius Network’s Asset
– Advertisement – Ripple Labs Interested in Celsius Network’s Asset. The blockchain company wants to first study the importance of Celsius’ assets to its business before taking a decision....
Celsius troubles mount as Canadian regulators launch probe into the lender
Troubles facing collapsed cryptocurrency lending platform Celsius seem to be escalating after it emerged that Canadian regulators are working with international partners to probe the now bankrupt firm...
Canadian Regulators Probing Crypto Lender Celsius Network Alongside US: Report
Although Celsius never registered with Canada’s provincial securities regulators, authorities in the country are working with the U.S. Securities and Exchange Commission to investigate the trans-borde...
Singaporean Crypto Lender Hodlnaut Freezing Withdrawals Due to ‘Difficult Market Conditions’
Apart from halting withdrawals, Hodlnaut has also informed Singapore’s Monetary Authority (MAS) about withdrawing its license application that received in-principle approval from the central bank back...
Singapore Crypto Lender Hodlnaut Suspends Withdrawals, Citing Tough Market Conditions
Singapore-based cryptocurrency lending and borrowing platform Hodlnaut announced on Monday that it had suspended customer withdrawals, swaps, and deposits. The firm cited “difficult market conditions”...
Another Crypto Lender Suspends Services
Crypto lending platform Hodlnaut announced freezing withdrawals, deposits, as well as token swaps, citing “difficult market conditions” amid a swathe of similar mishaps. As per the official announceme...
Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto Rally – Bitcoin News
On August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits. Hodlnaut joins a slew of crypto firms that have frozen with...
Crypto Lender Hodlnaut Pauses Withdrawals, Deposits, and Token Swaps
Singapore-based crypto lending platform Hodlnaut has joined a growing list of crypto lenders that have paused withdrawal services. The company announced on Monday that it had suspended token swaps and...