“On behalf of the Board of Directors and the executive leadership team, I want to extend our sincerest gratitude to Ashwin for his many valuable contributions, especially for his efforts during Voyage...
Tag: lender
Bankrupt Crypto Lender Voyager’s CFO To Step Down Months After Appointment
Ashwin Prithipaul, the Chief Financial Officer of bankrupt crypto lender Voyager Digital Ltd, is expected to leave the company. The crypto firm said on Friday that the Finance Head would resign after ...
Troubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured
In July, the lender asserted several “technical events of default,” which led to taking control of Compute North assets. Generate Capital exercised its voting rights to take over Compute North subsidi...
Bankrupt lender Voyager gets top bids by these heavyweights
According to those with knowledge of the situation, FTX and Binance have offered the highest offers for the assets of defunct cryptocurrency lender Voyager Digital Ltd., VYGVQ -5.89%, but neither offe...
Crypto Exchange Giants Binance and FTX in Bidding War Over Bankrupt Lender Voyager: Report
Two of the world’s leading crypto exchanges have reportedly submitted their bids to acquire the assets of embattled crypto lender Voyager Digital. Citing people familiar with the matter, The Wall Stre...
How New York Usury Law Tripped Up An Over-Smart Lender
New York has a convoluted body of usury law that deems certain loans usurious and invalidates them. New York’s usury law almost never actually applies to any loan because the law is riddled with so ma...
Crypto Lender Voyager Digital Seeks to ‘Unwind’ $200M Loan to Alameda Research
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Alameda to Repay $200 Million to Bankrupt Lender Voyager
Alameda to pay its remaining loan to Voyager Digital by 30 September. The repayment of loans is to be done by paying Bitcoin,Ether and several other cryptocurrencies. Alameda Research, a trading fi...
Bankrupt Lender Voyager Fetches $200 Million Loan From Alameda
The bankrupt crypto lender, Voyager, has signed a non-binding term sheet with SBF-controlled quantitative trading firm, Alameda Research, to secure loans amid the turmoil in the market. The two loans ...
Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins – Bitcoin News
According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak, a...
Crypto Exchange Binance’s Attempt to Buy Lender Voyager Digital’s Assets Complicated by CFIUS Concern: Sources
“Binance has made investments into countless American companies both directly and through Binance Labs,” Patrick Hillmann, the company’s chief communications officer, said Friday. “Binance has never b...
FTX Is in the Lead to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy: Source
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Crypto Lender Voyager’s Bankruptcy Auction Begins
Crypto lender Voyager Digital Ltd., which is at present bankrupt, has begun its auction in New York. The venue for the auction is at the midtown office of investment bank Moelis. The auction can stret...
Judge Approves Use of Independent Examiner in Crypto Lender Celsius’ Bankruptcy Case
Celsius initiated bankruptcy proceedings earlier this summer after freezing users withdrawals on its platform in June due to “extreme market conditions.” Trouble began for the firm when spooked retail...
Crypto Lender Celsius Seeking Crypto Custody Business
The embattled crypto lending firm Celsius is trying to cope up with its sufferings as soon as possible. In July, 2022, crypto lender filed for Chapter 11 bankruptcy in the federal court of Southern Di...
Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence
Some $49 million worth of stETH has flowed into the vault since the ceiling was raised, data from tracking service Daistats shows. Staked ether is a token supplied to users who lock up ether on Lido, ...
Algorand Revealed Investments Worth $35M In Troubled Crypto Lender Hodlnaut
The Algorand Foundation has disclosed that it has invested $35 million in USD coin (USDC) in the beleaguered crypto lender Hodlnaut. The cryptocurrency lending firm had paused its withdrawals earlier ...
Algorand Foundation Confirms $35M Exposure to Crypto Lender Hodlnaut
The non-profit organization behind the development of the Algorand blockchain infrastructure – Algorand Foundation – has confirmed a $35 million USDC exposure to Hodlnaut. Additionally, it said it is ...
Ethereum Merge Could Spell Trouble for Distressed Crypto Lender Hodlnaut
Ethereum’s pending transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) can trigger new risks for the troubled crypto lender – Hodlnaut. The Singapore-based company was one of several firms in ...
Algorand Foundation Reveals $35M Exposure to Embattled Crypto Lender Hodlnaut, Commits to Maximally Recovering Its Assets
Following recent Hodlnaut credit woes, the Algorand Foundation says 3% of its assets are tied up with the Singaporean-based crypto lender. The Algorand Foundation recently disclosed a $35 million expo...
Algorand Foundation has $35 million exposure to troubled crypto lender Hodlnaut
The Algorand Foundation said that it has a $35 million exposure in USDC to Hodlnaut, a Singapore-based troubled crypto lender that halted client withdrawals last month. That figure represents less tha...
Algorand Foundation Declares $35M Exposure to Troubled Crypto Lender Hodlnaut
Singapore-based Hodlnaut was one of several crypto companies that succumbed to the pressures of the downturn. It applied to be put under judicial management on Aug. 13, five days after it froze withdr...
Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut
The Algorand Foundation has revealed a $35 million USDC hole in its balance sheet as a result of exposure to embattled cryptocurrency lending firm Hodlnaut, which has paused withdraws since Aug. 8. A...
Regulators Call Out Celsius Crypto Lender for Misleading Investors Over Financial Trouble – crypto.news
Crypto lender Celsius continues to face more scrutiny from regulators amid its bankruptcy crisis. On Wednesday, the circumstances leading to the firm’s failure came to question that it allegedly hid i...
China’s Evergrande crisis worsens as lender seizes HQ in Hong Kong
A lender has taken possession of Evergrande’s Hong Kong headquarters after the cash-strapped Chinese property developer defaulted on a loan and made two unsuccessful attempts to sell the building. Ea...
Celsius crypto lender misled investors over financial troubles, says regulator
The circumstances surrounding the failure of the crypto lender Celsius continue to take unexpected turns, with the company declaring bankruptcy, accusations being leveled against a former manager for ...
Shocking facts from troubled Crypto lender Celsius’s 2021 court filing reviews
According to the latest court document from the Vermont Department of Financial Regulation, troubled crypto lender Celsius Network allegedly made “false and misleading assertions” about its financial ...
Bankrupt Crypto Lender Voyager to Auction Off Assets
Crypto lending firm Voyager Digital is expected to auction off the remainder of its assets on September 13. That is according to a notice filed in bankruptcy court Tuesday. The disposal of the compan...