Search

Nalezeno "lender": 511

Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors

4.7.2022
On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial...

Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report

4.7.2022
Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis

Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M

3.7.2022
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used...

Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources

1.7.2022
Babel is in the process of signing an engagement letter with the investment banking firm, a source said

Crypto Lender Celsius Network Exploring Options to ‘Preserve and Protect’ Assets

1.7.2022
Celsius Network is consulting with experts to try to reduce the fallout from its mid-June swoon

Twitter User Accuses Nexo of Embezzlement Through Charity, Crypto Lender Denies Allegations

28.6.2022
A Twitter account has accused the Bulgarian co-founders of the Swiss-based cryptocurrency lender Nexo of misappropriating funds from a charity platform. The company has rejected the allegations in the anonymous attack, which comes after Nexo offered a buyout deal to troubled rival Celsius....

Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy

28.6.2022
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly...

Solana’s Biggest DeFi Lender Almost Got Rekt. Then Binance Stepped In

27.6.2022
Solend’s whale crisis rattled depositors and threatened to crash Solana. Can the lending protocol recover?

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

25.6.2022
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire...

Crypto Lender Nexo Hires Citigroup to Advise It on Acquisitions

22.6.2022
Crypto lending platform Nexo is in talks with Citigroup as it plans to swoop in and acquire rival platforms

Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet

21.6.2022
The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to bolster Blockfi’s “balance sheet and platform strength.” Blockfi Obtains...

Solana-Based 'DeFi' Lender Solend Goes for Whale Hunting and Backpedals Instantly

20.6.2022
A new proposal put forward by Solana (SOL)-based borrowing and lending service Solend to disapprove the takeover of the protocol's largest account following huge backlash from the community has passed with an overwhelming majority of votes. The new proposal, dubbed SLND2, asked to invalidate...

SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze

18.6.2022
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals. U.S. Securities Regulators Investigate Celsius’ Withdrawal Freeze The U.S. SEC and securities regulators...

Crypto lender Babel Finance halts withdrawals due to liquidity pressures

17.6.2022
Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market

How Crypto Lender Celsius Overheated

16.6.2022
Celsius rapidly became more brazen in its attempts to generate yields, using decentralized lending protocols and aggregators to juggle around client funds for the best return

Crypto Lender Celsius Hires Restructuring Attorneys, WSJ Reports

15.6.2022
Celsius announced early Monday it would pause withdrawals and its swap and transfer products, citing "extreme market conditions."

Bank of England’s Governor Warns About Crypto Amid Bloodbath — ‘Be Prepared to Lose All Your Money’

15.6.2022
The governor of the Bank of England, Andrew Bailey, has reiterated his warning about cryptocurrency investing after U.S. crypto lender Celsius abruptly froze withdrawals. He stressed that investors should be prepared to lose all their money, emphasizing that crypto has no intrinsic value. Bank...