Beleaguered crypto lender Hodlnaut faces liquidation after key lenders rejected a proposed restructuring plan, amid a probe from Singapore authorities. The group of creditors, including the Algorand F...
Tag: lender
Crypto lender Nexo wants to sue Bulgaria after office raids
Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian government after massive raids at the company’s offices in Sofia. Nexo has complained about the actions of the law enforcement author...
Crypto Lender Genesis Owes Creditors Over $3B: FT
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Crypto Lender Nexo Spawns New Bank Run
The crypto lending industry has been hit with a major blow as Nexo, one of the leading crypto lending platforms, has seen withdrawals worth over $158 million in the last 24 hours following a raid by B...
Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Violations
“There are authorities at one of Nexo’s offices in Bulgaria, which is, as you know, the most corrupt country in the EU (European Union),” a Nexo spokesperson said in an email to CoinDesk. ...
Self-proclaimed ‘safest’ DeFi lender loses $6 million in hack
DeFi lender LendHub lost $6 million of crypto assets in an attack, the team reported on Friday. LendHub stated that the attack occurred on Jan. 12. The DeFi lender added that it has contacted bl...
Crypto lender Nexo raided by law enforcement in Bulgaria
Crypto lender Nexo saw its offices in Bulgaria raided by police officers in what is reportedly part of an investigation into the cryptocurrency firm. Reports indicate that Bulgarian authorities are lo...
Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria – Bitcoin News
According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’...
More Genesis creditors say crypto lender duped them
A second group of Genesis creditors says they were misled by the lender into thinking that their money would be safe, and are now out hundreds of millions of dollars. The group is made up of individua...
Genesis under attack: the crypto lender faces the SEC
SEC vs DCG and Genesis US authorities are now digging into all the financial relationships between the two crypto companies headed by Barry Silbert. Digital Currency Group has already received many re...
Crypto Lender Genesis Lays Off 30% More of Its Staff
“As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally,” a Genesis spokesperson said in a statement. “These measures ar...
Crypto lender Vauld rejects Nexo’s final acquisition proposal
Disturbed digital asset lender Vauld and its committee of creditors (COC) have declined rival Nexo’s final acquisition proposal in concerns about its financial health difficulties. Nexo loses procurem...
Crypto lender Genesis lays off 30% more staff: Report
Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in its second round of layouts in six months. According to a Jan. 5 Wall Street Journal report, Genesis reduced i...
Crypto Lender Genesis Reduces Staff As It Ponders On Bankruptcy Filing
A lot of ups and downs going on in the crypto industry have pushed some, if not most, companies to the edge of insolvency. Following its request for emergency bailout funding, popular crypto lender Ge...
Crypto Lender Genesis Slashes Staff and Mulls Bankruptcy: WSJ
According to a Jan. 5 report by the WSJ citing ‘people familiar with the matter,’ Genesis is mulling a bankruptcy filing and has let around 30% of its staff go. The layoffs were across several departm...
SEC Intervenes in Binance US Acquisition of Bankrupt Crypto Lender Voyager Digital’s Assets – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has intervened in the asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital. The securities regulator explained that ...
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius – Mining Bitcoin News
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific app...
Crypto lender Genesis says it needs more time to figure out lending crisis solution
Crypto lender Genesis told clients on Wednesday that it’s continuing to work toward finding a solution for its troubled borrowing and lending unit but that it will need more time to do so. ...
This is what the future holds for bankrupt crypto lender Voyager Digital
CFIUS will review transactions made by bankrupt crypto lender Voyager Digital Holdings Binance.com recently agreed to buy Voyager’s assets for $1.022 billion The Committee on Foreign Investment in the...
Bankrupt Crypto Lender Celsius Seeks Deadline Extension
Cryptocurrency lender Celsius Network said it is preparing to file a motion requesting a deadline extension for users to submit their claims by another month. In its latest update, Celsius stated that...
Nexo Says It ‘Has Not Given Up’ On Bailout for Rival Crypto Lender Vauld
Nexo has denied reports that talks over the potential acquisition of troubled rival crypto lender Vauld have been terminated. In response, a person familiar with the matter tells Decrypt that any deci...
Nexo claims that it “has not given up” on helping rival cryptocurrency lender Vauld
Join Our Telegram channel to stay up to date on breaking news coverage Reports that negotiations regarding the possible acquisition of ailing rival crypto lender Vauld have been canceled have been ref...
Nexo Says Takeover of Crypto Lender Vauld Still On As Deadline Approaches: Report
Nexo is reportedly still planning on finding a suitable agreement in negotiations to take over crypto lender Vauld. According to a report from Bloomberg, talks between Nexo and Vauld are currently at ...
Crypto Lender Vauld Sees No Progress in Acquisition By Nexo
Earlier this year in July 2022, Singapore-based crypto lender Vauld suspended withdrawals halting all trading activity on its platform. Since then Vauld has been working on its restructuring, the dead...
Crypto Lender Nexo’s Potential Acquisition of Rival Vauld Is Called Off
Crypto lender Nexo’s potential acquisition of rival Vauld was canceled some five months after the two signed an initial agreement to explore the transaction and less than a month before the Singapore-...
Nexo terminates potential deal with troubled crypto lender Vauld
Crypto lender Nexo, which was in talks with rival crypto lender Vauld to potentially acquire it, has terminated the discussions. The potential deal has fallen through after six long months of di...
Why 2023 could bring some good news for this bankrupt cryptocurrency lender
Cryptocurrency firm Celsius received proposals from 30 possible purchasers or its mining and retail operations Galaxy Digital Holding intends to purchase Celsius’ custody platform, GK8 Thirty prospect...
Greenidge deal with lender NYDIG would see miner shift to hosting
Troubled bitcoin miner Greenidge Generation signed a non-binding deal to sell a majority of its mining machines to lender NYDIG in an effort to pay down $74 million in debt. The miner would then...
Binance.US Agrees to Buy Bankrupt Crypto Lender Voyager’s Assets for Over $1B
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...