Genesis Asia Pacific Pte Ltd, a division of the crypto lender owned by Digital Currency Group, lent $2.36 billion to collapsed hedge fund Three Arrows Capital (3AC). Earlier reports have stated that...
Tag: lender
Equitiesfirst Named as Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender – Bitcoin News
Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in the U.S. by levera...
EquitiesFirst owes crypto lender Celsius $439 million: Financial Times
EquitiesFirst, an institutional finance firm known for lending cash against stock holdings, owes embattled crypto lender Celsius $439 million. According to a Financial Times report, two people familia...
TradFi Lender EquitiesFirst Owes Celsius Nearly Half a Billion Dollars: Report
Traditional financial services company EquitiesFirst owes bankrupt crypto lending firm Celsius $439 million, the Financial Times reported Friday. Two unnamed sources told FT that the Indianapolis-bas...
Celsius’ Bitcoin Mining Subsidiary Joins Crypto Lender in Bankruptcy Filing
Celsius Mining, the Bitcoin mining subsidiary of the troubled crypto lending firm Celsius Network, has joined its parent company in filing for bankruptcy. After a month of uncertainty and speculations...
Crypto lender Celsius to declare Chapter 11 bankruptcy: CNBC
Crypto lender Celsius is preparing to file for Chapter 11 bankruptcy, CNBC reported Wednesday. The outlet reported that Celsius has begun informing state regulators, who have been investigating the ac...
Crypto lender Celsius declares Chapter 11 bankruptcy in New York
Crypto lender Celsius has declared Chapter 11 bankruptcy, court filings show. The firm declared assets between $1 billion and $10 billion, with an equal amount in estimated liabilities, according to t...
Crypto Lender Celsius Network Finally Files for Chapter 11 Bankruptcy
Celsius Networks said that the bankruptcy proceedings will help stabilize its business and create a restructuring plan to return payments to its customers. After weeks of trying to avoid bankruptcy, c...
Crypto Lender Celsius Is ‘Deeply Insolvent’, Says Vermont’s Financial Regulator
On Tuesday, the Vermont Department of Financial Regulation (DFR) alerted investors to exercise caution with the crypto lender Celsius. It called the lender “deeply insolvent” and operated without a p...
After 1 Month Of Halting Customers’ Withdrawals, Giant Crypto Lender Celsius Goes Bankrupt ⋆ ZyCrypto
Advertisement     Blockchain-based lending platform Celsius Network is officially bankrupt. The financial crisis that has remained dominant in the crypto space of late...
Crypto Lender Celsius Network Files for Chapter 11 Bankruptcy Protection
Beleaguered cryptocurrency lender Celsius Network announced Wednesday that it has filed for Chapter 11 bankruptcy protection for reorganization in the U.S. Bankruptcy Court of the Southern District of...
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’ – Regulation Bitcoin News
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recent...
Embattled Crypto Lender Celsius Finally Files for Bankruptcy
Alex Dovbnya Celsius depositors have been dealt another blow Cryptocurrency lender Celsius has officially filed for bankruptcy, The Guardian reports. The company unexpectedly froze withdrawals on June...
Embattled crypto lender Celsius files for bankruptcy protection
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Cel...
Vauld Crypto Lender Discloses $70 Million Shortfall, Hopeful of a Takeover Deal with Nexo – crypto.news
Vauld has disclosed a shortfall of $70 million to its creditors. The centralized crypto lending platform says it still holds $300 million worth of assets and liabilities worth roughly $400 million. A ...
Financial Regulators In Vermont Join Multistate Investigation Of Embattled Crypto Lender Celsius
– Advertisement – Vermont regulators go after Celsius. In a statement on Tuesday, Vermont’s Department of Financial Regulation reveals that it is joining investigations against Celsius as ...
Crypto Lender Babel Finance Issues Temporary Halt on Withdrawals
Not long ago, the crypto world was shocked and appalled to learn that Celsius – one of the crypto industry’s largest and most well-known crypto lenders – was halting withdrawals and preventing people ...
Vauld CFO leaves struggling Asian crypto lender: sources
Vauld CFO Jatin Mazalcar has left the Singapore-based crypto lender after it was forced to halt client withdrawals last week, two sources familiar with the matter told The Block. While Mazalcar left t...
Troubled Crypto Lender Celsius Repays $113 Million of Loans, Can It Avoid Bankruptcy?
Troubled crypto lender Celsius has been trying every bit to repay pending loans. As per Bloomberg, Celsius repaid an additional $113 million of loan on Monday, July 11. On Monday, Celsius repaid $78 m...
Hacker drains $1.4 million worth of ETH from NFT lender Omni
Omni, a non-fungible token (NFT) money market platform, was drained of about 1,300 ETH ($1.43 million) in a flash loan reentrancy attack on Sunday, according to PeckShield. Omni allows users to stake ...
Cornered Crypto Lender Celsius Hires New Restructuring Team
Key Takeaways Celsius has hired Kirkland & Ellis LLP to replace its prior restructuring counsel. Kirkland & Ellis will will advise Celsius on various options, including debt restructuring and ...
NFT Lender Omni Hacked for 1,300 ETH
Non-fungible token (NFT) platform, Omni was hacked for 1,300 ether (ETH) ($1.43 million) as the hacker exploited the firm’s reentrancy vulnerability protocol, according to PeckShield. The NFT mo...
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...
Tether Says It Liquidated a Bitcoin Loan Made to Crypto Lender Celsius
Tether today announced that it has liquidated a loan to crypto lending firm Celsius. The stablecoin issuer did not specify the dollar value of the loan but said that it managed to settle up with the e...
Regulator Scrutiny Over Crypto Lender Voyager Intensifies
Security regulators in Texas and Alabama have intensified investigations into crypto lender Voyager following the recent slump witnessed by the platform. Soon after the information emerged regarding t...
DeFi Lender Teller Hits NFT Market With ‘Buy Now, Pay Later’ Service
Decentralized finance (DeFi) lender Teller has introduced a buy now, pay later (BNPL) service for blue-chip non-fungible tokens (NFTs) like Bored Ape and others. According to Bloomberg, intending buye...
US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance – Coinotizia
The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relations...
US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance – Regulation Bitcoin News
The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relations...
Mark Cuban Caught in Bankruptcy of Crypto Lender Voyager
Mark Cuban is in trouble. The billionaire entrepreneur has been facing a torrent of criticism for several days linked to a partnership forged with a crypto firm. Indeed, Cuban, an evangelist of the c...
DeFi Lender Aave Plans to Launch Stablecoin, Says CEO
Aave has revealed plans to launch a U.S. dollar-pegged stablecoin called GHO, part of an effort to expand revenue and make borrowing on the DeFi protocol “more competitive.” GHO will be backed by a ra...
Another Crypto Lender Confirms Exposure to Three Arrows Capital
Genesis Trading confirmed its exposure to bankrupt hedge fund Three Arrows Capital (3AC). In a series of tweets, its CEO Michael Moro revealed that the cryptocurrency lender and broker had mitigated i...