Troubled Asian crypto lender Vauld has received a further extension to its legal protection from creditors — albeit a shorter delay than requested. The company now has until Feb. 28 to explore o...
Tag: no-tweet
Polygon co-founder launches web3 startup accelerator Beacon
Sandeep Nailwal, co-founder of Polygon and Symbolic Capital, has launched a web3 startup accelerator. Called Beacon, the New York City-based accelerator said it will support early-stage crypto p...
Amber Group owes troubled crypto lender Vauld’s CEO $130 million
Amber Group, a struggling crypto trading firm, owes around $130 million to troubled crypto lender Vauld’s CEO Darshan Bathija. In July, Vauld mentioned in its affidavit that it has a loan ...
DeFi derivatives protocol Perennial raises $12 million, launches mainnet
Perennial, a decentralized finance protocol for trading derivatives, raised $12 million in a seed funding round. Polychain Capital and Variant co-led the round, with Archetype, Coinbase Ventures...
Three Arrows Capital liquidators begin taking control of failed hedge fund’s assets
Teneo, the advisory firm overseeing the liquidation of crypto hedge fund Three Arrows Capital (3AC), has taken control of some of its assets, according to a presentation deck obtained by The Block. &#...
Ngrave looks to raise $15 million Series A at $60 million pre-money valuation
Ngrave, a crypto hardware wallet manufacturer, is aiming to raise $15 million in a Series A funding round, according to a pitch deck obtained by The Block. Binance Labs is leading the round, a s...
Crypto prime broker FalconX will no longer use Silvergate’s SEN network
Crypto prime broker FalconX will no longer use the Silvergate Exchange Network (SEN), according to an email sent by FalconX to clients and obtained by The Block. “Out of an abundance of caution ...
Genesis Block HK has more than $50 million stuck on FTX: Source
Genesis Block HK, a crypto over-the-counter (OTC) trading firm based in Hong Kong, has funds stuck in the now-bankrupt crypto exchange FTX, two people with knowledge of the matter told The Block. ...
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...
Nexo had offered BlockFi an $850 million deal to potentially acquire it
Crypto lender Nexo earlier this year made an unsuccessful offer to acquire troubled rival BlockFi as part of a proposed deal worth about $850 million, according to an “indicative investment prop...
‘The turf war by American regulators has got to end’
Citadel’s billionaire founder and CEO Ken Griffin has weighed in on FTX’s speculator collapse, calling on American regulators to cooperate with each other to better supervise the crypto in...
Multicoin Capital hit by FTX collapse, with 10% of its fund’s AUM stuck on the exchange
Multicoin Capital, one of the top crypto-focused venture capital firms, is significantly impacted by crypto exchange FTX’s collapse, a letter obtained by The Block shows. The letter, sent ...
Bitmex to launch trading of its BMEX token on Friday
Crypto exchange Bitmex is set to launch trading of its native BMEX token on Nov. 11 after first announcing it last year. Bitmex said on Tuesday that the token will be used to reward customers, a...
Vauld seeks another four months of protection against creditors
Troubled Asian crypto lender Vauld needs more time to sort out its financial problems, as the firm has applied for another four months of protection against creditors, according to court documents obt...
OpenSea CFO leaves less than one year after joining
OpenSea CFO Brian Roberts has left the NFT marketplace company less than a year after he joined, according to his LinkedIn update posted on Friday. Roberts, the former CFO at the ride-sharing giant L...
Crypto checking account provider Juno raises $18 million and launches token
Juno, a Singapore-headquartered crypto firm that provides checking accounts in the U.S. has raised $18 million in a Series A funding round and launched a native token as part of its tokenized loyalty ...
Arthur Cheong’s DeFiance Capital raising $100 million to invest in liquid tokens
DeFiance Capital, the crypto venture capital firm that recently distanced itself from bankrupt crypto hedge fund Three Arrows Capital (3AC), is in the process of raising a $100 million fund to invest ...
Zach Dexter to head FTX U.S. as the crypto exchange moves to Miami
Zach Dexter will move up from heading FTX’s U.S. derivatives unit to take over the entire operation in the wake of president Brett Harrison’s departure, a person with direct knowledge of t...
Senate committee preps hearing on CFTC regime for crypto exchanges: Sources
The Senate Agriculture Committee is preparing a hearing on a bill that would drastically alter regulation for crypto exchanges, according to five sources with knowledge of the matter. The bill in que...
Zipmex in advanced rescue talks with investment firm, billionaire’s son: Source
Zipmex is in advanced talks with Country Group Holdings (CGH), a Thailand-based investment firm, and Chalermchai Mahagitsiri, son of Thai billionaire and coffee king Prayudh Mahagitsiri, a source with...
Hodlnaut reports $193 million financial shortfall as it seeks court protection
Embattled crypto lender Hodlnaut reported a nearly $200 million financial shortfall in a court affidavit filed earlier this month and obtained by The Block. The affidavit supporting Hodlnaut’s applica...
Zipmex gets over three-month moratorium extension to resolve its liquidity crisis
Troubled South Asian crypto exchange Zipmex, which abruptly halted client withdrawals last month and sought protection from creditors, has received just over three months to sort out its liquidity iss...
Solana MEV infrastructure developer Jito Labs raises $10 million
Jito Labs, a crypto startup building infrastructure to mitigate the negative impact of maximum extractable value (MEV) on Solana, has raised $10 million in a Series A funding round. Sharing the news e...
Here’s how crypto-linked PACs are spending in Tuesday’s primaries
Super PACs linked to some of crypto’s biggest names are spending some serious cash in primary elections this week. The outside groups have reported boosting candidates in Arizona, Michigan and Missour...
Babel Finance lost over $280 million in proprietary trading with customer funds
Babel Finance, the troubled Asian crypto lender that abruptly halted client withdrawals last month, suffered heavy losses due to proprietary trading with customer funds, according to its restructuring...