BlockFi last week paused its withdrawal. The firm was asking its clients for funds in the final hours and even for collateral. The outcome of FTX’s dramatic collapse, the Crypto Lending Firm, BlockFi,...
Tag: lender
Online Investing Platform BnkToTheFuture Drops Plan to Acquire Crypto Lender Salt Lending Due to FTX Exposure
“Bnk To The Future announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc. (SALT) has terminated due to SALT’s position with FTX and for failing Bnk To Th...
Crypto lender Salt halts withdrawals citing FTX impact
Crypto lending platform Salt paused withdrawals and deposits, according to a company email sent to customers. The firm said in a message attributed to CEO Shawn Owen that “the collapse of ...
Crypto Lender BlockFi Updates Users on Platform, FTX Exposure
As for chatter that all or even a majority of BlockFi’s assets were held in custody – and therefore tied up for potentially a long time and perhaps even unrecoverable – the company said that is ...
Crypto Lender Celsius Files to Extend Submission Time; FTX Files For Bankruptcy
Recently beleaguered crypto lending firm Celsius Network announced filing of a motion. The motion noted to extend its reorganization plan’s exclusivity period. This would allow the crypto firm to have...
Crypto lender Voyager reopens bidding process following FTX bankruptcy
Crypto lender Voyager has reopened the bidding process for its assets following the bankruptcy of crypto exchange FTX, which had been expected to buy them. The firm said in a statement: &#...
Crypto Lender BlockFi Halts Withdrawals After FTX Contagion
The crisis sparked by the collapse of the FTX exchange has spread like a wildfire across the crypto market. A few hours ago crypto lender BlockFi said that they are now limiting client activity and pa...
Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan
A judge also temporarily denied Celsius from paying certain employees a retention bonus, payments which would have totaled nearly $3 million. The plan, which Celsius’ lawyers claimed was necessary to ...
Embattled crypto lender Hodlnaut held $13 million on FTX before withdrawal freeze
Troubled Singapore-based crypto lender Hodlnaut held assets worth $13.1 million (S$18.4 million) as of October 25 on the collapsed cryptocurrency exchange FTX. It is unclear whether Hodlnaut’s manager...
Bankrupt lender Celsius files motion to extend time for ‘reorganization’
Troubled crypto lender Celsius said it filed a motion with a U.S. court asking to extend the time it needs to come up with a reorganization plan. The firm is now going through bankruptcy proceedings, ...
Crypto lender BlockFi says products are ‘fully functional’ in wake of Binance, FTX deal
Crypto lending firm BlockFi says all of its products are “fully functional” following Binance’s announcement that it plans to acquire crypto firm FTX. FTX, which had been navi...
DeFi Lender MakerDAO Goes TradFi and Doubles Revenue
Investing in traditional finance assets has helped increase lagging revenue for the biggest player in DeFi. MakerDAO now generates half of its revenue from real-world assets, like short-term bond ETFs...
Crypto Lender Celsius Faces Fresh Scrutiny in New Court Order
The court has asked Celsius to throw more light on the proposed KERP program while also ordering a probe into its past business dealings. The Celsius bankruptcy case appears to be taking another dimen...
Crypto Lender Hodlnaut Lost Close To $190M In TerraUSD Collapse
The Singapore-based crypto lender has lost close to $190 million, as per reports, due to its exposure to Terra’s algorithmic stablecoin UST. The crypto lender platform had downplayed its exposure to T...
Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure – Bitcoin News
According to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the ...
Embattled Crypto Lender Hodlnaut Lost $190M in the TerraUSD Collapse: Report
Troubled crypto lender Hodlnaut suffered a nearly $190 million loss in TerraUSD (UST) collapse despite downplaying its exposure to the coin, Bloomberg reported on Monday, citing findings from an inter...
DeFi Lender COMP Will Rebound in 2023, Taking Uniglo.io Above $1
The DeFi world has helped create a range of new innovations for the future of digital finance. Many of these could help reshape the financial world. Despite recent market dips, they could also help br...
Crypto Lender Platform Freeway Suspends Trading Services, Token Tumbles
Crypto investment platform Freeway has suspended access to yield-generating lending products to its customers, the firm said on Sunday, the latest indication of stress in the cryptocurrency sector. Fr...
Court Kicks Off $1,422,000,000 Deal Between Bankrupt Crypto Lender Voyager and FTX US
A US court is approving the first step of a deal that would see crypto exchange platform FTX purchase the assets of troubled digital asset lender Voyager for over $1.4 billion. In a new company blog p...
FTX US Wins Bid to Acquire Bankrupt Lender Voyager’s Assets
United States-based cryptocurrency exchange FTX.US was approved by the bankruptcy court to enter the asset purchase agreement with the bankrupt crypto lender, Voyager. According to the official announ...
Crypto Custodian Prime Trust Agrees to Return $17M in Tokens to Bankrupt Lender Celsius
Celsius had sued Prime Trust in August, alleging that Prime Trust had improperly withheld the tokens when the two terminated their contract in June 2021. The assets, made up of 398 BTC, 196,268 CEL to...
Crypto Lender Voyager Settles With Executives Who Approved $935,000,000 Loan to Three Arrows Capital: Report
Voyager Digital is deciding not to pursue legal action against company executives who green-lighted the sizable loan contributing to the demise of the crypto lending platform. The troubled firm filed ...
Brazil’s Largest Digital Lender Nubank to Roll Out Own Token to 70M Users in 2023
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Bankrupt Crypto Lender Celsius Hit by Federal Investigations
Celsius has been one of the more high-profile casualties of a sharp sell-off in the crypto market that was triggered in part by May’s collapse of the Terra blockchain. The now-bankrupt crypto lender’s...
Federal Investigations Against Bankrupt Crypto Lender Celsius –
9 seconds ago | 2 mins read Exchange News The company has received inquiries from the SEC, CFTC and FTC. A federal grand jury subpoena was issued to the firm. US federal investigations are being cond...
DeFi TVL Rebounds to the $54 Billion Mark, Eth-based MakerDAO Remains Dominant Lender
Fresh data from tracking service DeFi Llama shows that the total value locked (TVL) in decentralized finance (DeFi) protocols has rebounded to the $54 billion mark. According to the data, the total TV...
Celsius crypto lender charges more than $3M in legal fees
Join Our Telegram channel to stay up to date on breaking news coverage Bankrupt crypto lending company, Celsius, has been charged over $3 million in legal fees. The fees have been incurred as the lend...
Bankrupt Crypto Lender Subpoenaed by Federal Prosecutors
Wahid Pessarlay Celsius Network faces high scrutiny from the U.S. federal prosecutors Bankrupt crypto lending company Celsius Network is subpoenaed by U.S. federal prosecutors, according to a Financia...
Custodia Bank files petition alleging ‘favoritism’ after U.S. oldest lender received approval to offer crypto
United States digital assets bank Custodia Bank has filed a petition alleging ‘favoritism’ after authorities allowed mainstream lender BNY Mellon to offer crypto services. In the petition filed befor...
Custodia Bank sues the Fed over ‘favoritism’ after U.S. oldest lender received approval to offer crypto
United States digital assets bank Custodia Bank has filed a lawsuit alleging ‘favoritism’ after authorities allowed mainstream lender BNY Mellon to offer crypto services. In the lawsuit filed before ...
America’s oldest bank to be first mainstream lender to roll out crypto services
The oldest bank in the United States, BNY Mellon, has received regulatory approval to offer cryptocurrencies to its select customers interested in Bitcoin (BTC) and Ethereum (ETH). The approval issue...