Alex Dovbnya Cryptocurrency lender BlockFi is latest domino to fall during ongoing cryptocurrency crisis Popular cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, according...
Tag: lender
Crypto Lender BlockFi Files for Chapter 11 Bankruptcy
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection in the United States on Monday, just days after suspending withdrawals amid the fallout from FTX. The FTX contagion has claimed...
Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX
(Bloomberg) — BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall. Most Read from Bloomberg BlockFi said in a statement Mond...
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’ – Bitcoin News
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital...
Crypto lender BlockFi files for bankruptcy protection
Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection. According to the firm’s bankruptcy petition, BlockFi has claimed more than 100,000 creditors as well as between $1 bil...
State Securities Regulators Probe Crypto Lender Genesis – Regulation Bitcoin News
State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that...
Crypto Lender Genesis Being Probed by Several U.S States
11 seconds ago | 2 mins read Defi News After the FTX crash, Genesis stopped processing client withdrawals. Genesis has $2.3 billion in debt after the collapse of Three Arrows Capital. Because of the w...
Crypto Lender Matrixport Seeks $100M Funding amid FTX Turmoil
Matrixport wants $100 million in funding at a $1.5 billion valuation as the crypto space still reels from the FTX collapse. Matrixport Technologies Pte is seeking substantial funding at a higher valua...
Crypto lender Matrixport seeks $100M funding despite lending crisis
Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million in funding despite the ongoing crypto market crisis. Lead investors have already c...
Crypto Lender Hodlnaut Under Investigation For Possible Fraud
Singapore-based crypto lender Hodlnaut is reportedly facing an investigation by the Singapore police related to alleged fraud and cheating. The police had received several reports that the crypto lend...
Asia Crypto Lender Matrixport Seeks Fundraise At $1.5B Valuation
One of Asia’s biggest cryptocurrency lenders Matrixport Technologies Pte is looking to raise a staggering $100 million in fresh funding at a $1.5 billion valuation. This development comes at a time wh...
Singapore Initiated Fraud Investigation into This Crypto Lender
According to the reports, the Commercial Affairs Department began the investigation into Hodlnaut Pte. Ltd on November 23, 2022. Hodlnaut, a Singapore-based crypto lender, and/or its Directors are rep...
Crypto lender Hodlnaut reportedly faces police investigation in Singapore
Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud. According to reports published in local media, the police’s commercial affairs d...
Singapore’s Crypto Lender Hodlnaut Faces Police Investigation
Another crypto lender, now based out of Singapore, is in major trouble. As per the latest development, Singapore Police is now investigating crypto lender Hodlnaut Pte on charges of fraud and cheating...
Will Genesis Be the Next Victim of the Crypto Lender Contagion?
While Genesis has denied plans to declare bankruptcy, the exchange’s liquidity trouble concerns the industry. Following the FTX collapse, Genesis Global Trading’s lending division halted new loans and...
Crypto Lender Genesis Could File for Bankruptcy Without a Fresh Capital: Report
Crypto brokerage firm Genesis is struggling to raise fresh capital for its lending unit and has warned potential investors that it may need to file for bankruptcy if its efforts are abortive, Bloomber...
Crypto Lender Genesis Has No Plans To File Bankruptcy
17 mins ago | 2 mins read Bitcoin News Genesis is facing a liquidity crunch after a torrent of withdrawals due to the FTX collapse. Genesis has had exposure to bankrupt firms – FTX and 3AC. Crypto len...
Binance will not invest in crypto lender Genesis: WSJ
After crypto lending firm Genesis suspended client redemptions and indicated it would seek a $1 billion emergency cash loan, major potential backer Binance said no to the investment, the Wall Street J...
Customers of Bankrupt Lender Celsius Can File Proofs of Claim by January
Celsius’ motion, approved by U.S. Bankruptcy Court of the Southern District of New York last week, requires customers to submit proofs of claim on or before Jan. 3, 2023. Any person or entity – ...
Bitcoin lender and custodian Unchained Capital announces job cuts
Joe Kelly, CEO of Bitcoin financial services outfit Unchained Capital, said the company will reduce its staff by “roughly 15%” as part of efforts to manage the business during the current crypto bear ...
Institutional Crypto Lender Genesis Asked for $1,000,000,000 Emergency Loan Before Halting Withdrawals: Report
The Wall Street Journal reports that the institutional crypto lender Genesis asked investors for an emergency loan of $1 billion before announcing that clients would temporarily be unable to take out ...
Crypto Lender Vauld Eyeing Merger Post $10M Exposure to FTX
8 seconds ago | 2 mins read Exchange News Vauld relied heavily on FTX to process transactions for its users. It said that if the transaction falls through, they would investigate alternative options. ...
Voyager ‘Shocked, Disgruntled, Dismayed’ by FTX Bankruptcy as Crypto Lender Searches for Another Buyer
Voyager Digital’s legal team said it’s “shocked, disgruntled, dismayed” at having to reopen the bidding process for its distressed assets following FTX’s bankruptcy during a hearing yesterday. The Voy...
Crypto Lender Vauld Has $10 Million Stuck On FTX
As per the latest report, Vauld, Asia’s prominent crypto lender, has its funds stuck in the now-bankrupt crypto exchange FTX. The exposure is expected to be worth around $10 million and due to the ong...
Troubled crypto lender Vauld has $10 million stuck on FTX: Source
Troubled Asian crypto lender Vauld has funds stuck in the now-bankrupt crypto exchange FTX, two sources with direct knowledge of the matter told The Block. The exposure is worth around $10 milli...
Crypto Lender SALT Halts Withdrawals After FTX Collapse
Crypto lending platform SALT said it is halting withdrawals today, the latest firm to do so amid the FTX-sparked contagion sweeping across the cryptocurrency landscape. “The collapse of FTX has ...
Binance.US to bid for bankrupt crypto lender Voyager: CoinDesk
Binance.US — the American arm of the largest crypto exchange by volume, Binance — is preparing to bid for bankrupt lender Voyager Digital, CoinDesk reported Thursday, citing a person familiar with the...
Institutional Crypto Lender Genesis Trading Halts Withdrawals, Citing 3AC and FTX Collapse
An institutional crypto brokerage is halting customer withdrawals, citing the downfalls of Three Arrows Capital (3AC) and FTX. In a recent announcement, blue-chip crypto lender Genesis says that while...
Crypto lender Ledn says it has no exposure to Genesis
Canadian crypto lender Ledn said it has no exposure to Genesis Global Capital and is fully operational after the latter paused withdrawals. Genesis Global Capital, which is suspending withdrawal...
Crypto Lender Genesis Halts Operations Due To FTX Impact
According to an official announcement, Crypto lending firm Genesis is halting new withdrawal requests from its customers. The firm is a victim of the collapse of the crypto exchange FTX and is one of ...
Crypto Lender BlockFi Prepares To Go Belly Up Amid FTX Bankruptcy
BlockFi, a cryptocurrency platform offering multiple financial products like low-interest loans and a crypto rewards credit card, could become the latest casualty following the FTX collapse that conti...