Singapore-based crypto lender Amber Group today announced a $300 million fundraise that comes amid layoffs and refocusing at the company. Amber said in a tweet that it had closed a Series C roun...
Tag: lender
Crypto Lender Amber Slashes 60% of Workforce
Amid the continuing fallout from the collapse of FTX, one of Asia’s biggest crypto lenders, Amber Group, is taking radical cost-cutting measures. According to a report by Bloomberg, the Singapore-base...
Bitcoin Miner Core Scientific’s Lender Wants to Give Miner $72M to Avoid Bankruptcy
B Riley said it is prepared to fund the first $40 million of the new financing immediately, with “zero contingencies.” The remainder of the financing is contingent on all principal payment...
the bank driving the cryptocurrency boom from a small local lender
Join Our Telegram channel to stay up to date on breaking news coverage According to a quote by Sam Bankman-Fried that was posted on the website of the San Diego bank he used to transfer client funds t...
Amber Group owes troubled crypto lender Vauld’s CEO $130 million
Amber Group, a struggling crypto trading firm, owes around $130 million to troubled crypto lender Vauld’s CEO Darshan Bathija. In July, Vauld mentioned in its affidavit that it has a loan ...
Crypto Lender Nexo To Leave United States, Citing Lack of Regulatory Clarity
Switzerland-based crypto lender Nexo is announcing plans to cease its business operations in the United States. The crypto lender says that the decision is influenced by the regulatory and policy land...
Celsius Chapter 11 Update and Galaxy’s Acquisition of GK8
December 7, 2022, 10:16AM EST • 3 min read Quick Take Galaxy Digital agrees to purchase GK8 from Celsius for ~$44.0mm Required escrow deposit of ~$5.4mm from November 3, 2022 agreement Celsius KERP a...
Bankrupt Crypto Lender Celsius To Release $2.8 Million In Bonuses To Prevent Staff ‘Poaching’
Celsius Network employees are now aware that the company, which filed for Chapter 11 bankruptcy in July, was given the green light from a bankruptcy court judge to distribute $2.8 million in incentive...
Nexo Quits US Operations After Regulatory Actions Over Crypto Lender
Nexo will leave the US soon after the regulatory measures tighten. The crypto lender made major announcements on its blog. Nexo has been sued by eight states for illegal acts. United States says NO! O...
Crypto Lender Nexo to Exit US Market Over ‘‘Unclear Regulations’’ ⋆ ZyCrypto
Advertisement     Cryptocurrency borrowing and lending platform Nexo has announced that it is withdrawing its products from the United States over the ‘‘coming months’...
Insolvent Crypto Lender ‘Celsius’ Granted Extension by Court
10 seconds ago | 2 mins read Defi News Celsius has a few more months to submit a Chapter 11 reorganization plan. The crypto lending firm had declared bankruptcy on July 13. The exclusivity period for ...
Customer Fury Over Crypto Lender Celsius Staff Bonuses
Celsius Network won court approval to distribute bonuses worth $2.8 million to its employees. But what about users’ funds? A U.S. bankruptcy court has approved the key employee retention program (KERP...
Is Nexo safe? Lender withdraws from US market
Nexo, the crypto lending platform, announced Monday that it is pulling out of the US market. It blamed the hostile US regulatory environment for the move, following a collapse in longtime talks with l...
Crypto lender Nexo will exit United States as it meets dead end
Nexo announced it would quit the United States market in the coming months The company is shutting down operations after failed talks with the US regulators The year continues to be a troubled one for...
Genesis: the huge debt of the crypto lender
Genesis is once again in the spotlight of the media, the crypto lender apparently owes Gemini’s clients about $900 million. Crypto exchange Genesis, along with its subsidiary Digital Currency Group (D...
Crypto lender Nexo says it’s leaving the U.S., cites regulatory ‘dead end’
Facing a phalanx of regulators, cryptocurrency lending platform Nexo says it is “phasing out” the U.S. side of its operations. In a statement announcing a “gradual” depa...
Digital Asset Lender Genesis Owes $900,000,000 to Customers of Crypto Exchange Gemini: Report
Crypto lender Genesis reportedly owes nearly $1 billion to the customers of crypto exchange Gemini due to the collapse of FTX. According to a new report by the Financial Times, anonymous sources famil...
Troubled crypto lender Genesis owes creditors at least $1.8 billion: CoinDesk
Troubled crypto trading and lending firm Genesis owes its creditors at least $1.8 billion, CoinDesk reported Sunday. The Financial Times first reported on Saturday that Genesis owes customers of...
Crypto lender Genesis owes Gemini crypto exchange customers $900M
Major crypto lender Genesis Trading and its parent company Digital Currency Group (DCG) owe users of cryptocurrency exchange Gemini $900 million. Financial Times reported on Dec. 3, 2022, that users o...
Crypto lender Genesis owes nearly $1B to Gemini’s customers
According to a story that was made public by the Financial Times on December 3 and cited persons with knowledge of the matter, cryptocurrency lender Genesis and its parent firm, Digital Currency Group...
Crypto lender Genesis allegedly owes $900M to Gemini’s clients: Report
Crypto lender Genesis and its parent company Digital Currency Group (DCG) allegedly owes $900 million to Gemini’s clients, according to a Financial Times report disclosed on Dec. 3 citing people...
Galaxy Digital To Acquire Crypto Asset Self-Custody Platform GK8 From Collapsed Lender Celsius
Crypto asset management firm Galaxy Digital is preparing to acquire self-custody platform GK8 from Celsius, a digital asset lender that collapsed earlier this year. According to a new press release, G...
Crypto Lender BlockFi Sues Sam Bankman-Fried Company Over Robinhood Shares Following Bankruptcy Filing: Report
The bankrupt crypto lending platform BlockFi is suing Sam Bankman-Fried’s holding company to recover collateral. According to a recent complaint filed in a court in New Jersey, BlockFi says it “seeks ...
Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another: Source
The FTX contagion has just claimed another crypto firm. BlockFi will file for Chapter 11 bankruptcy protection later today, a source at the company tells Decrypt. In an official announcement, the New ...
Troubled Crypto Lender BlockFi Sues SBF Over Robinhood Shares
On Monday, the crypto lending firm BlockFi filed for Chapter 11 bankruptcy. A few hours later, the company sued Sam Bankman-Fried (SBF), the founder of the troubled crypto derivative exchange FTX, ove...
Crypto lender BlockFi is suing Sam Bankman-Fried over his shares in Robinhood: report
Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, cryptocurrency lender BlockFi filed a lawsuit against a holding company by FTX founder Sam Bankman-Fried over his shares in t...
Is Nexo safe? What is the crypto lender doing differently & red flags?
Several cryptocurrency lending companies have gone bust amid bad practices and exposure to bankrupt companies, with the latest being BlockFi. Late Monday, BlockFi filed for Chapter 11 bankruptcy prot...
DeFi lender Compound to set borrow caps on 10 crypto collateral assets
Compound will enforce loan limits on 10 crypto tokens in its version 2 protocol at the end of November, thus reducing the amount of the affected collateral that users can borrow. This decision i...
Silvergate Capital Reveals its Exposure to Bankrupt Crypto Lender BlockFi
Silvergate Capital Corporation – a digital asset bank based in California – revealed its deposit relationship to the troubled crypto firm BlockFi was limited to less than $20 million of its total depo...
Crypto Lender BlockFi Bankruptcy:Failure Of FTX Cripple BlockFi
Crypto Lender BlockFi Bankruptcy Live Updates In a press statement by Mark Renzi, Managing Director of Berkeley Research Group, it says, “BlockFi has worked to positively shape the cryptocurrency indu...
Crypto Lender BlockFi Sued Sam Bankman-Fried For Robinwood Shares
37 mins ago | 2 mins read Editors News BlockFi is suing FTX’s founder to take control of his stake in Robinhood. BlockFi filed bankruptcy protection on Monday. Over the past few weeks, a lot of catast...
Crypto lender Ledn lays off chief commercial officer in latest industry job cuts
Crypto lender Ledn has laid off several employees amid the crypto crunch. “Several colleagues and myself were laid off at Ledn. This is my first time I got laid off,” Guido Pettinari...