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Blockfi Bankruptcy Plan Confirmed, Paving Way for Client Distributions
1.10.2023
Crypto lender Blockfi is moving closer to returning funds to clients after a bankruptcy judge confirmed its Chapter 11 plan on Tuesday. The plan outlines a process for the company to distribute the remaining assets to clients and attempt to recover additional funds. Blockfi Advances on Client Asset...
Gemini Reportedly Withdrew $280 Million From Genesis Before Crypto Lender Filed for Bankruptcy
28.9.2023
Tyler and Cameron Winklevoss owned Gemini exchange reportedly withdrew approximately $280 million from Genesis Global just months before the crypto lender initiated a freeze on customer deposits and ultimately filed for bankruptcy.
Genesis and Gemini had jointly offered an "Earn" program that...
Crypto lender BlockFi gets court nod to repay customers
27.9.2023
The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment
Celsius creditors vote in favor of reorganization plan
26.9.2023
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors
Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan
20.9.2023
Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches last year
Report: Hodlnaut’s Judicial Managers Oppose OPNX Takeover
19.9.2023
According to a recent court filing, interim judicial managers for the troubled crypto lender Hodlnaut oppose a takeover by the crypto firm OPNX, which is linked to the now-defunct crypto hedge fund Three Arrows Capital and its founders. OPNX Takeover Faces Resistance from Hodlnaut’s Judicial...
Failed Crypto Lender Celsius Attempts to Recoup Assets From EquitiesFirst Holdings
7.9.2023
Beleaguered crypto lending firm Celsius Network, that went bankrupt in July 2022, has filed an “adversary complaint” against private lending platform EquitiesFirst, in an attempt to recover assets.
The complaint was filed in a sealed bankruptcy document on Sept. 6, seeking injunctive relief and...
Creditors Accuse Crypto Lender Genesis of Vote Buying as Bankruptcy Proceedings Continue
1.9.2023
Creditors of crypto lender Genesis and its parent company the Digital Currency Group (DCG) have opposed a proposed settlement deal leveling accusations of voter manipulation.
According to a filing on Aug. 31, creditors including digital asset exchange Gemini have criticized the proposal as...
Crypto Lender Ledn Partners With Parallel To Offer Fiat-Free Real Estate Purchases in Cayman Islands
24.8.2023
On August 24, Cryptocurrency lender Ledn partnered with Cayman's top crypto real estate broker, Parallel, to allow crypto investors to buy Cayman Islands real estate using digital assets.
The alliance opens up a new way for crypto investors to avoid the need to convert to fiat or sell their crypto...
EXCLUSIVE: Crypto Lender Ledn Partners With Parallel To Offer Fiat-Free Real Estate Purchases in Cayman Islands
24.8.2023
On August 24, Cryptocurrency lender Ledn partnered with Cayman's top crypto real estate broker, Parallel, to allow crypto investors to buy Cayman Islands real estate using digital assets.
The alliance opens up a new way for crypto investors to avoid the need to convert to fiat or sell their crypto...
Australia-Based Crypto Lender Sentenced for False Credit License Claims
21.8.2023
The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered...
Crypto Lender Exactly Hit by $12M Bridge Exploit
18.8.2023
Exactly Protocol, a decentralized credit market on the Optimism (OP) blockchain, has been targeted by a bridge exploit worth as much as $12 million
Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence
18.8.2023
Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license.
The Australian Securities and Investments Commission (ASIC) revealed that Helio falsely claimed it held a credit license in an August...
OPNX exchange bids for crypto lender Hodlnaut in Singapore
6.8.2023
If approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cover creditors' payout and outstanding claims
Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients
3.8.2023
A disclosure statement is an official, court-approved document outlining the debtor’s assets and liabilities
Crypto Lender Credix Brings Additional Private Credit Pool on Solana With 11% Yield
26.7.2023
Decentralized finance platform Credix opens a trade receivables lending pool with Solana Foundation among investors
Crypto lender Delio warns normal operations in jeopardy after asset seizures
24.7.2023
The South Korean crypto lender has had to halt certain interest payments amid a recent investigation resulting in the company and its customers' assets being seized
Ripple Court Ruling Unlikely to Impact Celsius Wind-Up, Crypto Lender’s Counsel Says
18.7.2023
Crypto securities ruling could impact pricing of CEL token but won’t affect restructuring plans, the counsel said
Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges
14.7.2023
Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges...
Crypto lender Geist Finance shuts down permanently over Multichain hack
14.7.2023
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit