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...
Tag: Protection
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...
Hodlnaut now placed under creditor protection after freezing withdrawals
Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Monday. The court orders came three weeks af...
Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts
The Monetary Authority of Singapore (MAS) is weighing the option of propelling ways of protecting consumers trading cryptocurrencies through new measures like suitability tests. Speaking at an event o...
Asset Protection Trusts: Help for Seniors
An asset-protection trust can help seniors in need of constant nursing care pay the substantial costs of assisted living or skilled nursing facilities and at-home help. Average daily nursing home cost...
Here are two CEFs yielding as high as 8.6% for stable income and inflation protection
Attention retirees: Here are two CEFs yielding as high as 8.6% for stable income and inflation protection Despite the Fed’s aggressive rate hikes, savings accounts still don’t pay all that much. Even ...
Universal Vaccine Would Offer Better Protection Against Seasonal Flu, Study Suggests
Topline A universal vaccine could offer broader and better protection against the seasonal flu than current vaccines, which only protect against a narrow set of flu virus strains, according to researc...
The EFF Calls Out OFAC, Ratifies Code Is Speech, Asks For Developers Protection
Does the OFAC not know that code is speech? Yesterday, we covered the EFF’s demands for clarity around the Tornado Cash situation and the case they’re defending. Today, we’ll dig into a simple idea, t...
Vitalik Buterin Says XRP Lost Right to Protection From Crypto Community Years Ago
Vitalik Buterin, the founder of Ethereum, revealed that Ripple and XRP no longer have the right to get protection from the crypto community from the overreach several years ago. Addressing his 4.2 mil...
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...
Vitalik Buterin Says Ripple and XRP Lost Their Right to Regulatory Protection Years Ago – Here’s What He Means
Ethereum (ETH) creator Vitalik Buterin says that Ripple and XRP lost their right to be protected by the crypto community from government overreach several years ago. Buterin tells his 4.2 million foll...
‘Block’ Under Scrutiny by Consumer Financial Protection Bureau
Cash App’s handling of customer complaints and disputes is the subject of the probe. The deadline for 2021 compliance was also December 5, 2021. Block Inc., founded by Jack Dorsey, is being sued by th...
FDIC Calls Out FTX US, Other Crypto Firms to Stop Misleading Users About Deposit Protection
The Federal Deposit Insurance Corporation (FDIC), a US government agency tasked with stabilizing the financial system in the event of bank failures, on Friday issued five cease-and-desist letters dema...
Teens’ Protection From Pfizer’s Covid Shot Fades Weeks After Vaccination—But Shot Still Wards Off Serious Illness, Study Finds
Topline The effectiveness of Pfizer and BioNTech’s Covid-19 vaccine in teens fades rapidly in the weeks after vaccination, according to research published Wednesday in JAMA Network Open, a finding tha...
Crypto Lender Hodlnaut Files for Creditor Protection in Singapore
Hodlnaut is expected to provide its next update on August 19 and hopes that its latest action will give it some time to devise a recovery plan to avoid liquidating customer assets. Crypto lender Hodln...
After Zipmex, Crypto Lender Hodlnaut Files For Creditor Protection
Hodlnaut, a cryptocurrency lender and borrower based out of Singapore has recently filed an application for judicial management. This shall help the platform restructure its business. A little over a ...
Hodlnaut Applies for Court Protection amid Liquidity Crises
Hodlnaut, a Singapore-based digital currency lending platform, has joined its counterparts in seeking out the protection of the courts with its recent application for Judicial Management. The crypto ...
Hodlnaut Files for Creditor Protection
After pausing customer withdrawals last week, Singapore-based cryptocurrency lender Hodlnaut has filed for creditor protection allowing it more time to recover from its financial woes. The crypto lend...
Troubled crypto lender Hodlnaut files for creditor protection in Singapore
Embattled Asian crypto lender Hodlnaut, which halted client withdrawals last week, has filed for protection against creditors in Singapore as it works toward resolving its liquidity crisis. Announcing...
Crypto Platforms Must Commit to Investor Protection
The Canadian Securities Administrators (CSA) are now expecting all cryptocurrency trading platforms to sign a commitment letter agreeing to certain conditions before they can operate in Canada. The CS...
Crypto Exchange Zipmex Granted 3-Month Protection from Singapore Court against Creditors
Zipmex, Asia’s leading digital asset exchange, said it has won creditor protection from the Singapore High Court for more than three months, gaining time to address liquidity issues. ZipmexX sus...
Crypto Exchange Zipmex Granted Three Month Creditor Protection From Singapore Court
Crypto Exchange Zipmex has just received a moratorium extension from Singapore High Court. At the moment, Zipmex has more than three months of creditor protection. This will give the crypto exchange s...
Singapore High Court Grants Zipmex 3 Months of Protection
2 hours ago | 2 mins read Exchange News Due to cash flow problems, the company temporarily halted withdrawals. High Court’s Justice Aedit Abdullah has put a hold on any further legal action. Several c...
Singapore Court Approves Zipmex Request for Creditor Protection
Zipmex has been granted three months‘ creditor protection by the court of Singapore, giving the exchange time to consult with regulators and develop a strategy to address the exposure of $53 million f...
Zipmex gets 3 month protection in Singapore amid halted withdrawals
Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than three months of creditor protection. Singapore’s High Court ...
Zipmex Crypto Exchange Gets Over 3 Months Creditor Protection in Singapore: Report
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MEXC activated the “Investor Protection Fund” in response to the Dragoma (DMA) incident, and launched the “potion” airdrop compensation benefits
MEXC Exchange A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately ...
MEXC Activate “Investor Protection Fund” to Prevent Scams
A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately suspended DMA/...
MEXC Global Activates Its ‘Investor Protection Fund’ To Compensate Dragoma Users
Advertisement     MEXC Global, a leading digital trading platform, has activated the Investor Protection Fund following the recent abnormal price fluctuation experienc...
MEXC activated the “Investor Protection Fund” in response to the Dragoma (DMA) incident
A few days ago, the Polygon Network ecosystem project Dragoma (DMA) experienced abnormal price fluctuations after its listing on MEXC, as it fell sharply from 0.85USDT. MEXC immediately suspended DMA/...