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Crypto lender Genesis has no solution yet for withdrawal halts
8.12.2022
Genesis said it will take additional weeks to carve out a recovery path for its lending business
Crypto Lender Celsius' Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg
8.12.2022
Celsius filed a motion in September to return crypto to customers who held assets in such accounts
Crypto Lender Nexo to Leave the USA After Discussions with Regulators Hit a Stalemate
6.12.2022
Major crypto lender Nexo will be leaving the United States over the next few months, as the company was unable to reach an agreement with the country's regulators.
In a blog post published on Monday, Nexo stated that it would be "phasing out its products and services in the United States in...
Novogratz’s Galaxy Digital to acquire Celsius' GK8 in bankruptcy garage sale
5.12.2022
The self-custody platform was acquired by Celsius in 2021 for $115 million and is now set to change hands, pending approvals
Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis
4.12.2022
Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).
According to a Financial Times report, the Winklevoss twins' crypto exchange is seeking to retrieve the funds after Genesis...
Crypto lender Genesis allegedly owes $900M to Gemini's clients: Report
3.12.2022
The issue is tied to the Gemini Earn program, which offers 8% earn interest on crypto lending and is operated by Gemini in partnership with Genesis
Galaxy Digital Agrees to Buy Some Assets From Bankrupt Crypto Lender Celsius
2.12.2022
GK8 was put on the block following Celsius's bankruptcy
DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt
29.11.2022
A botched exploit attempt on rival lending protocol Aave brought scrutiny to DeFi protocols’ borrow risks earlier in this month
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
28.11.2022
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings...
BlockFi Files for Bankruptcy as FTX Contagion Spreads
28.11.2022
BlockFi filed for bankruptcy days after suspending withdrawals last week. FTX had extended a $400 million line of credit to the lender earlier this year
Report: State Securities Regulators Probe Crypto Lender Genesis
26.11.2022
State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have...
Crypto lender Matrixport seeks $100M funding despite lending crisis
25.11.2022
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise
Jihan Wu's Crypto Lender Matrixport Looks to Raise $100M at $1.5B Valuation
25.11.2022
Matrixport has $5 billion in trading volume every month, along with $10 billion in assets under management and custody
Crypto lender Hodlnaut reportedly faces police investigation in Singapore
24.11.2022
Hodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million
Binance.US to Bid for Crypto Lender Voyager, CZ Confirms
24.11.2022
Binance CEO Changpeng "CZ" Zhao has confirmed that the exchange's U.S. wing will be making a fresh bid for crypto lender Voyager now that the defunct FTX is unable to follow through with acquiring it
Crypto Lender Nexo Sued for Allegedly Blocking $126M Withdrawals in 2020-21: Report
21.11.2022
Nexo is being sued by a group of investors for allegedly blocking 107 million British pounds ($126 million) worth of crypto in 2020-21, according to a report
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
20.11.2022
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said...
Binance is Preparing to Bid for Bankrupt Lender Voyager as FTX Drops Out
18.11.2022
Binance.US, crypto exchange Binance’s American arm, is reportedly set for a bid to acquire crypto lending firm Voyager Digital, after FTX dropped out of the picture.
Voyager announced last week, following the fall of FTX, that
“Voyager has reopened the bidding process for the company, and is...
Voyager Token Surges on Report Binance to Offer Lifeline to the Bankrupt Crypto Lender
17.11.2022
Voyager filed for Chapter 11 bankruptcy protection in early July, citing more than 100,000 creditors and as much as $10 billion in assets and liabilities
Binance to Relaunch Bid for Bankrupt Lender Voyager: Source
17.11.2022
The previous Voyager sale saw FTX emerge as the “white knight,” beating out Binance