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...
Tag: troubled
Report Singapore High Court Grants Troubled Zipmex 3-Month Relief from Creditors’ Action
The Singapore High Court on Monday granted crypto exchange Zipmex protection from creditors until December 2. Zipmex had asked the court for bankruptcy protection on July 22 and more time for debt res...
ASIC chair troubled by sheer amount of ‘risk-taking’ crypto investors
The chief of Australia’s financial services regulator Joe Longo has raised the alarm over the sheer amount of people that invested in “unregulated, volatile” crypto assets during the pandemic. Longo,...
Troubled CoinFLEX Files for Restructuring in Seychelles
On Tuesday, the troubled Cryptocurrency exchange, CoinFlex, filed for restructuring in a Seychelles court to resolve a shortfall due to a counterparty failing to make a margin call. The company sent o...
Crypto-skeptic Peter Schiff agrees to liquidate his troubled bank
About a month after financial authorities halted the operations of Peter Schiff’s Euro Pacific International Bank he formed in Puerto Rico, the U.S. economist and prominent cryptocurrency-skeptic has ...
US Treasury Blocks Residents From Using Troubled Tornado Cash
The US Treasury Department has blacklisted 40 cryptocurrency addresses allegedly linked to controversial mixer Tornado Cash. The department listed the crypto addresses on the specially designated list...
WazirX chief insists Binance bought the troubled crypto exchange
Binance chief Changpeng Zhao (CZ) has started a dispute with WazirX co-founder Nischal Shetty. Binance claimed to have acquired India’s largest crypto exchange in November 2019. Now, after the governm...
Binance CEO Denies Having Any Stake in Troubled Indian Crypto Exchange WazirX
Changpeng Zhao has distanced himself from the entire event stating that Binance only provides wallet services to WazirX as a tech solution. India’s enforcement directorate (ED) has been recently condu...
Troubled Crypto Exchange Zipmex Wants Bankruptcy Protection
Southeast Asian cryptocurrency exchange Zipmex submitted several moratorium applications under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 last Friday on behalf of fiv...
Coinbase Had No Financial Exposure to Troubled Celsius, Three Arrows Capital, Voyager
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Class Action Lawsuit Accuses Troubled Crypto Exchange Celsius of Running Like a ‘Literal’ Ponzi Scheme
The walls are closing in around one embattled crypto lending platform as a new lawsuit alleges it defrauded investors. Celsius Network, which filed for bankruptcy this week, has now also been sued wit...
Troubled Crypto Lending Platform Celsius Files For Bankruptcy
After weeks of speculation and rumors, lawyers representing crypto lending platform Celsius have officially notified regulators the company is filing for Chapter 11 bankruptcy protection. “This ...
Troubled Crypto Lender Celsius Repays $113 Million of Loans, Can It Avoid Bankruptcy?
Troubled crypto lender Celsius has been trying every bit to repay pending loans. As per Bloomberg, Celsius repaid an additional $113 million of loan on Monday, July 11. On Monday, Celsius repaid $78 m...
Bitcoin Price Fall Ignores all the Virtues it Holds in These Troubled Times
Bitcoin: Every monetary system since antiquity has failed and created countless social disasters. But BTC is a different beast that could save us all, says Steve Dubied of Consulfin. BTC has been fall...
Troubled cryptocurrency lender Celsius has hired new insolvency lawyers, Wall Street Reports –
– Advertisement – Struggling cryptocurrency lender Celsius has hired new restructuring lawyers, according to a report on Wall Street Journal According to the Wall Street Journal, cryptocur...
Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him – Featured Bitcoin News
Peter Schiff says he will sell his bank, Euro Pacific, for bitcoin if the Puerto Rican regulators let him sell it. “My bank was not put into receivership for being insolvent. It was put there for bein...
Crypto Hater Peter Schiff Would Accept Bitcoin as Payment for His Troubled Bank
Gamza Khanzadaev Crypto hater would sell his bank for Bitcoin if it helps to protect customers Famous cryptocurrency critic Peter Schiff answered in the affirmative when asked if he would sell his tro...
Troubled Crypto Lending Firms Investigated by Securities Regulators from Texas and Alabama
Alex Dovbnya State securities regulators have started investigating the embattled crypto companies that went underwater during the recent market turmoil State securities regulators in Alabama and Texa...
FTX CEO Says His Company Still Has A Few Billions To Save Troubled Crypto Companies ⋆ ZyCrypto
Advertisement     Sam Bankman-Fried has a bounty enough to go around for struggling crypto firms. The crypto billionaire has already given a lifeline to BlockFi and Vo...
Nexo Eyes Acquisition of Troubled Crypto Lender Vauld
Nexo today announced it signed an indicative term sheet with the troubled Singapore-based crypto lender Vauld. Under the agreement, Nexo has a 60-day exploratory period that would see the company cond...
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld – Bitcoin News
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company s...
Nexo starts process to potentially acquire troubled crypto lender Vauld
Crypto lender Nexo has started a process to potentially acquire rival Vauld after the latter abruptly halted customer withdrawals on Monday. Sharing the news exclusively with The Block on Tuesday, Nex...
Circle CEO Refutes Rumor of USDC Collapse Due to Exposure to Troubled Firms
Circle – the company behind the second-largest stablecoin by market cap, USDC – reiterated its positive financial position amid a rumor calling the company on the brink of collapse. As the reports wen...
Troubled Hedge Fund 3AC Files for Bankruptcy Protection
Alex Dovbnya The cryptocurrency hedge fund, which used to have $10 billion worth of assets under management, is now officially bankrupt Embattled cryptocurrency hedge fund Three Arrows Capital filed f...
FTX seeks to acquire troubled crypto lender BlockFi: sources
Crypto exchange operator FTX is seeking to acquire BlockFi outright, The Block has learned. The development comes in the wake of reports that FTX was in talks to buy a stake in the crypto lender, whic...
Voyager Discloses $660M Exposure to Troubled VC Firm 3AC Capital
Publicly-traded crypto platform Voyager Digital has revealed that it may issue a notice of default to the struggling crypto VC, Three Arrows Capital (3AC) for failure to repay its loan. In an official...
Zilingo Cofounders Propose To Buyout Financially Troubled Startup
Dhruv Kapoor and Ankiti Bose. Courtesy of Ankiti Bose The cofounders of Zilingo—Dhruv Kapoor and Ankiti Bose—have proposed to buyout the troubled fashion startup as the duo aims to restructure and rev...