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: lender
Nexo Eyes Acquisition of Troubled Crypto Lender Vauld
Nexo today announced it signed an indicative term sheet with the troubled Singapore-based crypto lender Vauld. Under the agreement, Nexo has a 60-day exploratory period that would see the company cond...
Embattled Crypto Lender Vauld To Be Acquired By Rival Nexo ⋆ ZyCrypto
Advertisement     Singapore-based crypto trading, and lending firm, Vauld is on a path to being acquired by rival crypto Nexo. Reports of the 100% acquisition deal com...
Crypto Lender Voyager Digital Goes Bankrupt After Three Arrows Collapse
Crypto lender Voyager Digital is the latest domino to fall in the tumultuous market for digital assets. Voyager Digital disclosed on Wednesday that it filed for bankruptcy on Tuesday with the U.S. Ban...
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld – Bitcoin News
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company s...
Crypto Lender Voyager Digital Filed For Bankruptcy in the U.S.
The post Crypto Lender Voyager Digital Filed For Bankruptcy in the U.S. appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide As predicted by many analysts and inves...
Nexo All Set to Acquire Crypto Lender Vauld Amid Liquidity Crisis
Defi News On Monday, the company suspended operations and stopped client withdrawals. Since June 12, withdrawals totaling $197.7 million have been reported by the firm. The Singapore-based crypto lend...
Nexo Begins Potential Acquisition Process of Rival Crypto Lender Vauld
Shortly after Vauld announced withdrawals suspension, Nexo revealed it signed an indicative term sheet. The company also mentioned the plan to acquire Vauld. London-based crypto lender Nexo has starte...
Nexo starts process to potentially acquire troubled crypto lender Vauld
Crypto lender Nexo has started a process to potentially acquire rival Vauld after the latter abruptly halted customer withdrawals on Monday. Sharing the news exclusively with The Block on Tuesday, Nex...
Crypto lender Nexo offers to buy embattled rival Vauld
Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger...
Nexo Looks to Acquire Failing Rival Crypto Lender Vauld
Crypto lender Nexo could potentially be in the process of acquiring rival Vauld, which abruptly halted customer withdrawals earlier this week. Vauld has signed an indicative term sheet granting Nexo a...
Crypto Lender Nexo Signs Term Sheet to Potentially Acquire Struggling Rival Vauld
Popular crypto lending platform Nexo revealed on Tuesday that it has signed an indicative term sheet to acquire Singapore-based lending rival Vauld. An indicative term sheet is a document that shows t...
Crypto lender CoinLoan lowers withdrawal limit citing market conditions
CoinLoan, a platform that offers crypto-backed loans, says it has temporarily reduced the withdrawal limit for lenders amid the current market turmoil, the company announced on Monday. The European cr...
Crypto lender vauld becomes the latest platform to halt services
Crypto trading and lending platform Vauld has suspended customer withdrawals as a result of the current volatility in the cryptocurrency market as of Monday. The CEO of Vauld Crypto Exchange, Darshan ...
Nexo Might Acquire Distressed Crypto Lender Vauld
The leading cryptocurrency lender – Nexo – is looking to purchase the Singaporean digital asset exchange – Vauld. According to a document shared with CryptoPotato, Nexo and Vauld signed a 60-day exclu...
Is Nexo Acquiring Vauld As Lender Seeks To Resolve Crisis?
With the crypto community is all eyes for the next update from Vauld management, there could finally be a solution. Although there was no update from the team in the last 24 hours, the situation appea...
Nexo Taking Steps to Acquire Distressed Crypto Lender Vauld
Key Takeaways Nexo has signed an indicative term sheet with Vauld, granting it an exclusive 60-day exploratory period to look into acquiring the firm. Vauld halted customer withdrawals Monday, saying ...
The cryptocurrency lender and FTX US have made a $400 million agreement
The cryptocurrency lender and FTX US have into binding agreements for a $400 million revolving credit facility, which will be junior to all customer funds. Client assets will be a priority BlockFi CEO...
Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals
A cryptocurrency lender backed by Peter Thiel and Coinbase Global Inc. suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing ...
Continuing Withdrawal Trend, Another Crypto Lender Voyager Digital Halts Withdrawals, Deposits
This Friday, Voyager Digital, a crypto lender, announced that it had halted withdrawals, deposits, and trading on its platform. The crypto platform said it is exploring strategic alternatives for pres...
Major Crypto Lender Vauld Suspends Trading After $198 Million In Customer Withdrawals
Topline Singapore-based Vauld on Monday became the latest cryptocurrency platform to pause customer withdrawals as a result of the nascent market’s steep decline over the past month, telling cus...
Coinbase-backed Vauld becomes the latest crypto lender to pause withdrawals
Vauld announced July 4 that it will immediately suspend withdrawals, trading, and deposits on the platform due to volatile market conditions and the impact on key business partners. The statement also...
Crypto Lender Vauld Halts Withdrawals As Stress Mounts
Vauld’s CEO has said that the crypto exchange is halting all trading, deposits, and withdrawals owing to financial difficulties. Vauld Suspends Withdrawal As it navigates “financial challenges,” Vauld...
Crypto Lender Vauld Freezes Withdrawals, Eyes Restructuring
(Bloomberg) — Most Read from Bloomberg Vauld, a crypto lender backed by Coinbase Inc., said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals from Cels...
Beaten by the Market, Vauld Becomes Latest Crypto Lender to Freeze Withdrawals
Key Takeaways The crypto lending and trading platform Vauld announced Monday that it had paused customer withdrawals due to severe financial challenges. The Singapore-based startup also said that it h...
Crypto lender Celsius dismisses a quarter of its employees: Calcalist
Troubled cryptocurrency lending platform Celsius has cut 150 employees, Israeli business website Calcalist said today in a story tagged “exclusive.” The company’s LinkedIn profile lists 651 employees...
Crypto Lender Voyager halts all the withdrawals and deposits
The crypto winter has frozen a lot more than market movements. Now, people’s livelihoods are at stake. And just like Sam Bankman-Fried predicted, crypto lending platforms hang by the ropes to stay liq...
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M – Bitcoin News
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of...
FTX US Signs Agreement with Crypto Lender BlockFi, But There’s a Catch
BlockFi and FTX US share common client protection goals and are delighted to work together. Crypto lending firm BlockFi has announced that it has reached an agreement with crypto derivatives exchange ...
Voyager Latest Lender to Suspend Deposits and Withdrawals
Voyager Digital joins the growing list of crypto firms suffering liquidity issues as it announced the suspension of trading, deposits, withdrawals, and rewards. According to the announcement, this wil...