Bankrupt crypto lender Voyager is set to liquidate all its assets through an auction that is scheduled for Sept. 13. Voyager announced on Sept. 7 that it had received multiplied bids from parties inte...
Tag: lender
Crypto Lender Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
“During the course of the multistate investigation, it has become clear that Celsius, through its CEO Alex Mashinsky and otherwise, made false and misleading claims to investors about, inter ali...
Bnk to the Future looks to buy crypto lender SALT
Bitcoin and securities platform Bnk To The Future has submitted a letter of intent to acquire crypto lending platform SALT. The first Bitcoin and crypto securities platform and the first crypto lendin...
Crypto Lender SALT in Buyout Talks, 2 Years After SEC Settlement
Bnk to the Future is looking to bounce back after backing failed crypto lender Celsius SALT settled SEC charges in September 2020 over its $47 million token sale Crypto lender SALT is eyeing a buyout ...
Celsius shareholder BnkToTheFuture set to acquire crypto lender Salt
BnkToTheFuture, an investment platform that allows its clients to invest in crypto, fintech companies and tokens, is set to acquire Salt Lending. According to an announcement today, BnkToTheFuture has...
BnkToTheFuture Taking Steps to Acquire Crypto Lender Salt Lending
BnkToTheFuture, a global online investment platform based in Denver, on Friday, announced plans to buy Salt Lending, a crypto lending provider also based in Denver, Colorado, for an undisclosed amount...
Bnk To The Future eyes acquisition of crypto lender SALT
Crypto lending platform SALT has received a buyout offer from a prominent online investment platform — a move the company said could potentially enhance its product offerings and advance its mission o...
Bankrupt Crypto Lender Celsius Seeks to Reopen Withdrawals for Specific Customers – Bitcoin News
Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders....
Celsius Clients File Lawsuit To Get Back $22,500,000 in Crypto Assets From Bankrupt Digital Asset Lender
A group of Celsius Network custody wallet customers is suing the bankrupt lending platform in an effort to reclaim more than $22.5 million worth of funds. In a new lawsuit filed on Wednesday, individu...
Crypto Lender Celsius Faces Another Group of Customers Who Want Their Money Back
According to the filing, the group’s cryptocurrency is deposited in custodial accounts rather than the yield-generating “Earn” product. This means Celsius should have held the funds in segregated stor...
Crypto Lender Hodlnaut Granted Judicial Management to Organize Restructure
Singapore-based crypto lender Hodlnaut has been granted judicial management by the Singapore High Courts today. Interim managers Angela Ee and Aaron Loh of EY Corporate Advisors Pte. have been appoin...
Struggling crypto lender Holdnaut granted judicial management
Hodlnaut was granted interim judicial management and creditor protection via court order on Tuesday. The judge appointed Ee Meng Yen Angela and Aaron Loh Cheng Lee from EY Corporate Advisors as the cr...
Crypto Lender Nexo Commits Another $50 Million to NEXO Token Buyback Program
Cryptocurrency lender Nexo has allocated another $50 million to the buyback program of its native token, NEXO. Shortly after the company announced its decision to spend more money on repurchasing NEXO...
Singapore Court Places Crypto Lender Hodlnaut Under Interim Judicial Management
Almost a month after Hodlnaut froze withdrawals, the crypto lender has been placed under Interim Judicial Management. For the uninitiated, Judicial management is essentially a debt restructuring metho...
Troubled Crypto Lender Hodlnaut Granted Creditor Protection After Suspending Withdrawals
Beleaguered cryptocurrency lender, Hodlnaut, was placed under interim judicial management (IJM) by the Singapore High Court on August 29, a few weeks after the company halted its services due to the r...
Crypto Lender Hodlnaut Granted Creditor Protection
Singapore-based cryptocurrency lender Hodlnaut announced on Tuesday that it has been placed under interim judicial management by the Singapore High Court. After Hodlnaut suspended customer withdrawals...
Crypto Lender Nexo allocates $50M to buyback its native token
Crypto lending platform Nexo has allocated $50 million to buy back its native NEXO token as part of an ongoing initiative designed to bolster the stability and profitability of its ecosystem. The appr...
Crypto Lender Nexo Allocates Additional $50M for Token Buyback Initiative
“In these challenging market conditions, the NEXO Token has moved consistently with the likes of BTC and ETH,” said Antoni Trenchev, Nexo co-founder and managing partner, in a press release. ...
Crypto Lender Celsius Countersues KeyFi for ‘Gross Mismanagement’
Troubled crypto lending platform Celsius filed a countersuit in United States Bankruptcy Court on Tuesday against Jason Stone and his company KeyFi. In the filing, Celsius alleges Stone falsely repres...
Crypto Lender Voyager Can Pay Employees ‘Retention’ Bonuses, US Judge Rules
“This program does not involve the senior management team, and data about these individuals would typically not exist in the public domain. We note that no creditor or shareholder or economic st...
NFT Lender BendDAO’s Liquidity Takes A Test As ETH Reserves Fall
If you’re borrowing against your Bored Apes, you may want to keep your eyes peeled. Liquidity on major NFT lending platform BendDAO has been under a major stress test over the past 24 hours, as ETH le...
NFT lender BendDAO begins vote to change protocol amid liquidity crisis
The BendDAO community is currently voting to make short-term changes to the non-fungible token (NFT) lending platform as the project tries to navigate a brewing liquidity crisis. “We are sorry that we...
Voyager Customers Say No to ‘Retention’ Bonuses for Employees of Bankrupt Crypto Lender
Crypto lender Voyager Digital’s creditors do not believe the company needs to pay employees “retention awards,” according to a new legal filing shared late Friday. Voyager, which is ...
Bankrupt Lender Celsius CEO Owes Creditors Transparency, Crypto Lawyer Says
The U.S. Trustee overseeing the Celsius Network bankruptcy is right to seek an independent examiner because the crypto lender’s CEO hasn’t been forthright with information. Sasha Hodder, founder of Ho...
Crypto Lender Voyager’s Customers Object to Employee ‘Retention Award’ Bid
Voyager, which is currently undergoing bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of New York, asked a federal judge to approve $1.9 million of its funds for a ̶...
Crypto Lender Hodlnaut Cuts Staff Amid Police Investigation
Hodlnaut has laid off 40 employees to lower expenses Losses suffered by the firm’s Hong Kong subsidiary during the TerraUSD crash hurt its business Singapore-based cryptocurrency lender Hodlnaut is la...
US Regulatory Agency Files Motion Demanding Probe of Bankrupt Crypto Lender Celsius Network
A government-appointed trustee is seeking assistance while grappling with the complexities of embattled crypto lending platform Celsius Network’s (CEL) bankruptcy proceedings. In a new motion filed a ...
What Happens If Hodlnaut Gets Liquidated? Crypto Lender Lays Off 80% Staff
A few days ago, crypto lender Hodlnaut halted withdrawals and subsequently announced it will be going under judicial management in Singapore to prevent liquidation; it has now taken further steps to s...
Bankrupt Crypto Lender Celsius Now Says It Likely Has Enough Cash to Last Through End of Year
According to Ferraro, since its last filing on July 29 Celsius has spent $40 million of its cash balance primarily on building out its mining site in Texas and on payroll. This week, the federal court...
Hodlnaut a Singapore-Based Crypto Lender Fronts Police Actions And Unexpected Job Cuts
The interest-paying crypto swap shop is gripped in Legal proceedings with Singapore authority. Hodlnaut has fired a massive number of employees from their firm. Hodlnaut, a Singapore-based crypt...
Singapore-based crypto lender Hodlnaut cuts 80% jobs
Hodlnaut, a troubled Singapore-based crypto lender, says it has released 80% of its workforce as it looks to execute a recovery plan after its financial health took a major hit. In a blog post Friday,...
A Bankruptcy Examiner Should Look Into Crypto Lender Celsius Network’s Collapse, US Trustee Says
“The Debtors’ professionals acknowledge many of these facts and circumstances and have provided information requested by the United States Trustee. Irrespective of such cooperation, however, the...