The troubled Singaporean cryptocurrency lending firm Hodlnaut is negotiating the sale of its business and other assets with several potential investors. Hodlnaut’s FTX accounts held 514 Bitcoin (BTC),...
Tag: lender
Genesis creditors are starting to bail on bankrupt lender
Some Genesis creditors are deciding that it’s time to take the money and run — even if all they’re able to get is a fraction of what they paid into the bankrupt lender. Earlier this week, Stephen Soko...
Core Scientific cuts deal with lender NYDIG to extinguish $38.6 million in debt
Crypto miner Core Scientific reached a deal with NYDIG amid its ongoing bankruptcy to pay down its $38.6 million loan by handing over roughly 27,403 machines used as collateral. The company said...
Another Solana DeFi Lender Sends Users Packing with Their Funds
EverlendFinance has asked users to take their funds elsewhere as it shuts down. The protocol controlled $400,000 at the peak of its operation. Last month, two Solana NFTs announced their departure to ...
Solana DeFi lender Everlend Finance shuts down its app citing liquidity crunch
Solana-based DeFi lending protocol Everlend Finance has shut down its app platform, despite having sufficient runway to continue operating in the current business environment, the team said on Feb. 1....
Tether CTO denies borrowing from bankrupt lender Celsius
According to its chief technology officer, the company behind Tether (USDT), the world’s largest stablecoin by market capitalization, has never received any loan from the bankrupt cryptocurrency lende...
Which Crypto Lender Spent $558 Million On Its Own Coin
Join Our Telegram channel to stay up to date on breaking news coverage Celsius Network, co-founded by serial entrepreneur Alex Mashinsky, spent at least $558 million purchasing its own token, CEL. Acc...
Alameda Research Sues Bankrupt Crypto Lender Voyager To Recover $446,000,000 in Loan Payments
Alameda Research, the sister company of bankrupt digital asset exchange FTX, is suing bankrupt crypto lender Voyager in an attempt to recover nearly $446 million in loan payments, according to new cou...
Tether CTO debunks alleged $2 billion loan from bankrupt crypto lender Celsius – Cryptopolitan
On January 31, Paolo Ardoino—the Chief Technology Officer of Tether and Bitfinex crypto exchange— cleared things up on Twitter regarding USDT’s relationship with Celsius. He stated that they have neve...
Crypto lender Celsius supported its token while insiders benefited, according to a US bankruptcy examiner
Join Our Telegram channel to stay up to date on breaking news coverage A U.S. court-ordered examiner report made public on Tuesday revealed that the bankrupt cryptocurrency lender Celsius Network infl...
Crypto Lender BlockFi Granted Approval to Sell Assets
The bankrupt cryptocurrency lender BlockFi has obtained approval to sell its crypto mining equipment as it tries to repay its creditors. BlockFi has received approval from the United States Bankruptcy...
Bankrupt Crypto Lender BlockFi Had Secret $1,200,000,000 Relationship With FTX and Alameda: Report
A new report finds that bankrupt crypto lender BlockFi had more financial interest in Sam Bankman-Fried’s FTX and Alameda Research than originally believed. During BlockFi’s first bankruptcy hearing i...
Bankrupt Crypto Lender Genesis Owes Over $3,800,000,000 to Firm’s Largest 50 Creditors
New documents reveal that embattled crypto lender Genesis owes billions of dollars to its 50 largest creditors. In recent voluntary bankruptcy filings, the crypto firm divulges that it owes $3.8 billi...
Bankrupt crypto lender BlockFi urges court to approve bonuses amid ‘war for talent’
BlockFi is urging the court to approve the payment of bonuses as the crypto lender struggles to retain staff following its filing for Chapter 11 bankruptcy protection. “Despite an incredib...
Crypto Lender Genesis Global Capital Is FTX’s Largest Unsecured Creditor
The names and information of most of the other top 50 creditors remain redacted, but the 12th-largest unsecured creditor is listed as Hong Kong-based crypto trading firm Pulsar Global Ltd., with a cla...
Crypto lender Genesis just filed for bankruptcy. Here are the biggest creditors
After weeks of standoffs with customers and regulators, the lending arm of the crypto firm Genesis filed for Chapter 11 bankruptcy late on Thursday night. Genesis, which is part of Barry Silbert’s Dig...
Crypto lender Genesis files for Chapter 11 bankruptcy
Cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the Southern District of New York. The firm has estimated liabilities of $1 billion to $10 billion and assets in the same range, ac...
Crypto lender Nexo settles with SEC at this absurd amount… Details inside
Nexo’s settlement with the SEC amounted to millions. The SEC ‘expected compliance’ from all firms that traded securities, as per the Director of the SEC’s Division of Enforcement. The Securities and...
Former High-Ranking SEC Official Blasts Crypto Lender Nexo’s $45,000,000 Settlement Deal With US Regulator
A former high-ranking executive of the U.S. Securities and Exchange Commission (SEC) is calling out crypto lender Nexo’s multimillion-dollar settlement with the regulatory agency. According to a new p...
Crypto Lender Genesis Files for Bankruptcy
Key Takeaways Genesis has filed for bankruptcy. The crypto lender owes over $3.5 billion to its top 50 creditors. Gemini co-founder Cameron Winklevoss is threatening to sue DCG CEO Barry Silbert. Shar...
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit – Featured Bitcoin News
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Ge...
BREAKING NEWS: Crypto Lender Genesis Files For Chapter 11 Bankruptcy As Crisis Deepens
Genesis Global Holdco, the parent company of embattled cryptocurrency lender Genesis Global Capital, has filed for Chapter 11 bankruptcy protection, becoming the latest firm to cave in to pressure in ...
Crypto lender Genesis Trading files for bankruptcy protection
Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the lates...
Breaking News: Crypto Lender Genesis Files for Bankruptcy
Genesis Global Holdco, LLC, the holding company of unsettled crypto lender Genesis Global Capital, filed for Chapter eleven bankruptcy security in New York district court late on Thursday. This was al...
The SEC attacks the crypto lender Genesis
Crypto lender Genesis is in serious trouble with the SEC, the government agency could drive the long-troubled company into bankruptcy. After its various liquidity problems with creditors, Genesis is f...
Crypto Lender Genesis Nears to File for Bankruptcy
3 hours ago | 2 mins read Editors News Crypto Lender Genesis is planning to file for bankruptcy The DCG officially confirmed that it had quit paying dividend payments. According to reports, Genesis ,...
Crypto Lender Genesis Global Capital Set to File for Bankruptcy
According to Bloomberg reports, Genesis Global Capital, a cryptocurrency lender, may take the drastic step of filing for bankruptcy. The move comes as no surprise, as the company has been in dire stra...
Crypto Lender Vauld Gets Yet Another Creditor Protection Extension
8 hours ago | 2 mins read Defi News Initially, the protection was ruled to continue until the 7th of November in 2022. Vauld has been given an additional month to come up with a strategy. According to...
Crypto Lender Vauld Granted Extension for Restructuring Plan
Embattled crypto lender Vauld has been granted an extension on the period of creditor protection by a Singapore court to February 28, 2023. Cryptocurrency lending platform, Vauld’s period of creditor ...
Crypto Lender Struggles Extended Creditor Protection For Vauld
A troubled cryptocurrency lending platform known as Vauld has been given an additional term of creditor protection by a court in Singapore. Before February 28th, the business has to devise a strategy ...
Troubled crypto lender Vauld gets extended creditor protection
Embattled crypto lending platform Vauld was granted another period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28. As reported by Bloombe...