A potential suspect has been identified over the $8.5 million attack on decentralized finance protocol Platypus, which saw $8.5 million drained from the protocol. Blockchain security firm CertiK first...
Tag: loan
Flash loan exploit appears to be behind Platypus USD stablecoin attack
Platypus USD (USP) lost its dollar parity on Thursday following an apparent exploit that allowed a wallet to siphon off about $8.5 million from the token’s liquidity pools, just weeks after Plat...
Redwood Wins $2 Billion Federal Loan To Scale Up Production Of Battery Materials For Electric Cars
Redwood Materials is starting to produce anode material for lithium-ion batteries in Carson City, Nevada. Redwood Materials Redwood Materials, the battery recycling and components maker created by Tes...
Redwood Materials nabs $2 billion loan for battery recycling in Nevada
JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials has attained a $2 billion loan commitment from the Department of Energy, the agency announced on Thursday vi...
Bitfarms pays down $21 million BlockFi loan with $7.75 million in cash
Bitcoin miner Birfarms settled $21 million in debt from BlockFi with a single payment of $7.75 million in cash. The value of mining machines that collateralize those loans has dropped significan...
Why To Invest Regardless Of The Supreme Court Decision On Student Loan Debt Relief
Getty Images Key takeaways The Biden Administration’s student loan debt relief plan will debut before the Supreme Court on February 28 Two lawsuits against the plan argue that the Biden Administration...
Bitcoin miner Stronghold pushes back debt payments on $54.9 million loan
Bitcoin miner Stronghold restructured its $54.9 million loan with WhiteHawk Finance and signed a two-year hosting deal with Foundry. The miner was able to push back any mandatory principal amort...
The potential NFT loan market, accessing liquidity through digital assets – SlateCast 51
SlateCast 51 began with a conversation regarding developments in the crypto world and the impact of downturns on the industry. Host Akiba and guest Justin Bram of Astaria discuss a new project called ...
Auto loan delinquencies rise. What to do if you struggle with payments
Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days r...
Alameda Files a $446 Million lawsuit Against Voyager To Get Back Its Loan Repayments
Join Our Telegram channel to stay up to date on breaking news coverage The year 2022 had been a tragic one for the crypto industry. From investors losing money due to the sudden crash of crypto projec...
This Crypto Firm Returns 27,000 Mining Rigs To Pay Off Loan
During the 2021 crypto bull, lenders issued over $4 billion in loans collateralized by Bitcoin mining hardware. These financial instruments backfired on BTC mining companies as the sector trended to t...
Core Scientific offloads 27,000 mining rigs to NYDIG to cover $38M loan
Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million loan, according to a Feb. 2 court filing. Core Scientific...
FTX sues Voyager Digital: Retrieval of $446 M loan payments from 2022
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Alameda Research Sues Bankrupt Crypto Lender Voyager To Recover $446,000,000 in Loan Payments
Alameda Research, the sister company of bankrupt digital asset exchange FTX, is suing bankrupt crypto lender Voyager in an attempt to recover nearly $446 million in loan payments, according to new cou...
Judge approves Core Scientific’s $70 million loan from B. Riley
Bankrupt bitcoin miner Core Scientific got the green light from a bankruptcy judge to move forward with a $70 million debtor-in-possession (DIP) loan from B. Riley. Representatives of the compan...
The Drama Continues: FTX And Alameda Demand Loan Repayment From Voyager
According to a lawsuit filed by the FTX lawyers on Monday in the US Bankruptcy Court for the District of Delaware, the bankrupt crypto trading firms want to recover $445.8 million debt that was paid t...
Tether CTO debunks alleged $2 billion loan from bankrupt crypto lender Celsius – Cryptopolitan
On January 31, Paolo Ardoino—the Chief Technology Officer of Tether and Bitfinex crypto exchange— cleared things up on Twitter regarding USDT’s relationship with Celsius. He stated that they have neve...
Alameda Research Files $446M Loan Repayment Lawsuit against Voyager Digital in Ongoing FTX Fallout
Beleaguered crypto trading firm Alameda recently filed a lawsuit against defunct crypto broker Voyager over repaid loans. Defunct crypto trading firm and FTX sister Alameda Research has hit bankrupt ...
Borrow BTC to Get USDT and Stablecoin Loan on Tokex.pro Exchange
Join Our Telegram channel to stay up to date on breaking news coverage Borrow BTC to Get USDT and Stablecoin Loan on Tokex.pro Exchange Crypto Loans: Get Stablecoin in Minutes Crypto loans are amazing...
FTX Files Lawsuit Against Voyager Digital to Recover $445.8M Loan
11 hours ago | 2 mins read Exchange News FTX said that it had sent $248.8M to Voyager in September and another $193.9M in October. The exchange confirmed that Alameda misappropriated from FTX clients ...
Embattled BTC miner Core Scientific seeking approval for $70M loan from B. Riley
Publicly traded embattled Bitcoin (BTC/USD) miner Core Scientific (NASDAQ: CORZ) is seeking approval from the Bankruptcy Court for the Southern District of Texas Houston Division for a $70 million loa...
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Secur...
Core Scientific reaches deal with B. Riley for $70 million replacement loan
Bankrupt bitcoin miner Core Scientific has reached a new $70 million loan agreement with B. Riley. The company has asked the court to approve the financing as a replacement for the $75 million debtor-...
Alameda Research sues Voyager for $446M to recover loan repayments
Defunct crypto hedge fund Alameda Research has sued bankrupt crypto lender Voyager Digital for $445.8 million. Alameda is trying to recover the loan repayments it made to Voyager in the 90 days preced...
Alameda Sues Voyager in Attempt to Recoup Loan Repayments
The FTX Group’s bankruptcy proceedings have seen their fair share of surprising, if not downright hilarious, moments. A motion filed on the 30th of January continues in the spirit of prior ones, seeki...
Blockchain Firm Blockstream Acquired 125Mn USD in Convertible Note Secure Loan Financing
The cryptocurrency market has witnessed sheer crypto winter which still continues. This affected the broader crypto market but a small portion of the space continued to sustain. Several projects and f...
Fannie Redux? Home Loan Banks Are Bailing Out Crypto Banks
The crypto market seems to have priced in last year’s string of crypto company bankruptcies. But the crypto firms that survived will still be paying off bank loans to cover their positions for some ti...
Top 6 Crypto Loan Services in 2022
Cryptocurrency lending takes many forms, but the core principles are intuitively understandable to anyone familiar with traditional bank loans. A lender provides a specific amount of crypto based on t...
Bed, Bath & Beyond discloses loan defaults, weighs bankruptcy
Bed Bath & Beyond (BBBY) stock cratered Thursday after the embattled retailer revealed in a new regulatory filing it was hit with a default notice from JPMorgan and does not have adequate funds to...
FTX-affected firm gets breather with loan to continue trading
Australian cryptocurrency exchange Digital Surge will receive a $884,543 loan, allowing it to continue operating. Administrators overseeing the deal stated that the company would pay back the loan ove...
Crypto Banks Borrow $13,600,000,000 From Federal Home Loan Banks To Meet Customer Withdrawals: Report
Two crypto-friendly US banks have borrowed at least $13.6 billion from Federal Home Loan (FHL) Banks to deal with a tidal wave of customer withdrawals amid the digital asset bear market, according to ...
Ioneer Lithium Stock Shoots Up On News Of A $700 Million Loan Commitment For A New Plant In Nevada
getty Key takeaways Ioneer secured a $700 million loan commitment from the U.S Department of Energy. The company still has to get final approval before mining can begin. Ford and Toyota have made shor...