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FTX Could Buy BlockFi for Only $15M – or a Lot More If Crypto Lender Hits Big Goals
22.8.2022
FTX’s option to acquire BlockFi includes performance targets around a key SEC approval and more than doubling client assets that boost the purchase price to $240 million, people familiar with the matter told CoinDesk
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements
22.8.2022
The troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the startup. The latest update shows that Hodlnaut experienced a shortfall of around $193 million and this...
Bankrupt Crypto Lender Celsius Now Says It Likely Has Enough Cash to Last Through End of Year
19.8.2022
The company’s CFO testified the company will receive additional funds in maturing loans and sales and use tax savings in a bankruptcy hearing with creditors
Crypto Lender Hodlnaut Faces Singapore Police ‘Actions’ and Staggering Job Cuts
19.8.2022
The latest firm to freeze crypto withdrawals is engaged in “proceedings” with Singaporean police
Crypto Lender Celsius Needs Independent Examiner, US Government Entity Says
18.8.2022
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‘Consumer Business Is Dead’ for Crypto Lender Celsius, Bankruptcy Expert Says
18.8.2022
Thomas Braziel, partner at investment firm 507 Capital, joined CoinDesk TV’s “First Mover” to discuss Celsius Network and why its relationship with customers could be over
Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently
17.8.2022
On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, the company’s attorney detailed that Celsius has been offered cash injections, but the lawyer...
Canadian Pension Giant Caisse Writes Off $150M Bet on Bankrupt Crypto Lender Celsius
17.8.2022
Quebec-based Caisse said Wednesday it had acted "too soon" in entering the sector
Crypto Lender Nexo Sues Former Director Over $7.9M Trading Loss: Report
17.8.2022
Cryptocurrency lender Nexo is taking legal action against its former director, Georgi Shulev, on claims that he failed to keep his side of a settlement agreement
Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin
17.8.2022
Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the Company
16.8.2022
Eight days ago, the crypto lender Hodlnaut announced that the platform was suspending withdrawals after citing volatile market conditions. This week the company says it is seeking judicial management that aims to “provide the best chance of recovery.” Hodlnaut Updates Customers...
Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation
16.8.2022
Singaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery plan
Crypto Lender Hodlnaut Applies for Creditor Protection in Singapore
16.8.2022
Crypto lending platform Hodlnaut has filed an application to be put under creditor protection in Singapore
Crypto Lender Celsius On Pace to Run Out of Cash by October
15.8.2022
The bankrupt crypto firm is also short of $2.8 billion in crypto assets, the court filing reveals
Indian Authorities Freeze Nearly $46M Assets of Troubled Crypto Lender Vauld: Report
12.8.2022
Nearly $50 million worth has been frozen by authorities at the troubled crypto exchange, media reports say
Ripple Labs Is ‘Interested’ in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says
11.8.2022
According to a Ripple Labs spokesperson, the distributed ledger company is interested in learning about the bankrupt crypto lender Celsius and its assets. When Ripple’s spokesperson was asked if the blockchain firm was interested in acquiring Celsius, the company declined to say. The news...
Ripple Labs Weighs Buying Crypto Lender Celsius’ Assets: Report
10.8.2022
Key XRP backer Ripple Labs says it is interested in purchasing the assets of bankrupt crypto lender Celsius Network
Canadian Regulators Probing Crypto Lender Celsius Network Alongside US: Report
9.8.2022
Canada's provincial securities regulators are investigating how Celsius' implosion is impacting investors in North America
Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto Rally
8.8.2022
On August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits. Hodlnaut joins a slew of crypto firms that have frozen withdrawals during the last three months, leaving customers little hope that they will see their funds...
Crypto Lender Hodlnaut Freezes Withdrawals, Citing Market Conditions
8.8.2022
The crypto lender has also withdrawn its application to be regulated in Singapore