After the FTX Group unceremoniously attempted to claw back the repayment of Alameda’s loan to Voyager, lawyers on the side of the struggling crypto platform have responded with a two-part salvo of leg...
Tag: Unsecured
USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022
Tether announced a $700 million profit in the last quarter of 2022. A top-ranking global accounting firm attested to the accuracy of Tether’s reserve. During the 2022 chaotic events, Tether processed...
Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy
According to documents filed with the court on February 4, a committee consisting of seven members has been constituted to represent the interests of unsecured creditors in the bankruptcy case involvi...
Genesis unsecured creditors’ committee appointed
A seven-member committee has been appointed to represent the interests of unsecured creditors in the Genesis Global bankruptcy case, according to court filings on Feb. 4. The committee will represent...
Bankrupt Genesis unsecured creditors’ committee formed – Cryptopolitan
In recent events, a seven-member committee has been appointed to represent the interests of unsecured creditors in the Genesis Global bankruptcy case, according to court filings on Feb. 4. The committ...
Crypto Lender Genesis Global Capital Is FTX’s Largest Unsecured Creditor
The names and information of most of the other top 50 creditors remain redacted, but the 12th-largest unsecured creditor is listed as Hong Kong-based crypto trading firm Pulsar Global Ltd., with a cla...
Top 50 FTX creditors only account for $114M of unsecured claims out of billions lost
Tthe largest unsecured claim in the FTX bankruptcy case amounts to $36.2 million and none of the top 50 creditors are considered “insiders.” The total sum allegedly owed to the top 50 creditors is rou...
FTX Owes Its 50 Biggest Unsecured Creditors More Than $3 Billion
(Bloomberg) — Sign up for our new Crypto newsletter and follow @crypto Twitter for the latest news. Most Read from Bloomberg Sam Bankman-Fried’s bankrupt crypto empire owes its 50 biggest unsecu...
Huobi’s Unit Provides ‘Unsecured Financing’ to Support Victims of FTX Drama
Vladislav Sopov Journalist and insider Colin Wu shares details of Hong Kong-based unit of Huobi’s plan to cover client losses Contents Huobi’s founder provides $14 million to cover users&#...
DeFi Platform Ribbon Finance’s Unsecured Lending Product Sees Crypto Firms Folkvang and Wintermute Borrow Over $10M
Meanwhile, Lend users stand to make higher yields from unsecured lending to institutions that have been evaluated for their creditworthiness by Credora. Besides, lenders can exit their positions at an...
China Eyes 4 Unsecured U.S. Marine National Monuments In The Pacific
The U.S. Coast Guard could use the Department of Interior’s help in securing U.S. National Monuments … [+] in the Pacific U.S. Coast Guard In the deep Pacific Ocean, America’s four enormou...
Benzinga CEO revealed as one of the unsecured creditors of Voyager Digital
The CEO of Benzinga, a media company providing crypto-related news, will be on the unsecured creditor committee in the bankruptcy case for Voyager Digital. These recent court filings reveal that Jason...
Teller Took Out Such An Unsecured Debt DeFi Mortgages On An Austin Property
According to Investopedia, Bacon Protocol has been issuing NFT mortgages since November, with loan rates as high as 3.1 percent, significantly less than the 5.55 percent rate on a standard 30-year mor...
How will the Reputation DAO manage to provide unsecured DeFi loans?
A decentralized autonomous organization working towards building open source and programmable reputed system for DeFi claim to provide loans with minimum collateral A decentralized autonomous organiza...
Would you give up privacy for unsecured loans in DeFi?
An ambitious new decentralized autonomous organization (DAO) has built a data service for lending platforms that records a user’s financial reputation to reduce the amount of collateral needed for a l...