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Crypto Lender Genesis Lays Off 30% More of Its Staff
5.1.2023
The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies
Crypto Lender Vauld Seeks to End Nexo's Purchase Agreement After Rejecting Revised Offer
5.1.2023
Cryptocurrency lender Vauld has rejected Nexo's revised acquisition proposal and is seeking to terminate the negotiation between the two firms
Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules
5.1.2023
A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender, meaning they are now part of the company's bankruptcy estate
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
4.1.2023
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make...
CFIUS Plans to Review Any Deals Made By Bankrupt Crypto Lender Voyager
30.12.2022
The review could impact the completion, timing and terms of any such deals, CFIUS said
Crypto Lender Nexo's Plan to Acquire Rival Vauld May be Halted – This is What Happened
27.12.2022
There is no deal (yet) in the acquisition talks between crypto lender Nexo and its rival Vauld, while the latter has less than a month to present a restructuring plan to creditors.
Several news outlets have reported that the deal has been terminated altogether - though it remains unclear by whom...
Crypto Lender Nexo Canvasses Vauld Creditors Directly With Final Takeover Offer
27.12.2022
In an open letter, the firm said earlier offers were misrepresented and it wanted to deal directly
Crypto Lender Vauld Calls Off Potential Acquisition by Rival Nexo
26.12.2022
The two started negotiations earlier this year and signed an initial agreement in July
FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock
23.12.2022
Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to ‘Enforce an Automatic Stay’ Against Claims Over...
Bankrupt Crypto Lender BlockFi Looks to Restart Certain Customer Withdrawals
20.12.2022
The crypto lender clarified any digital assets held in wallets on the platform "unambiguously" belong to the customers
Binance.US Agrees to Buy Voyager's Assets for $1.02B
19.12.2022
The agreement comes after CoinDesk had reported last month that Binance was preparing a bid for Voyager's assets
Troubled Crypto Lender Amber Group Raises $300 Million Amid Layoffs and Refocusing Efforts
16.12.2022
Amid the ongoing cryptocurrency market downturn, troubled Asian crypto trading firm Amber Group has managed to collect some $300 million under its series C round, led by the US arm of blockchain-focused venture capital firm Fenbushi Capital US and joined by a number of crypto-native investors...
Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened
8.12.2022
A US judge in the Celsius Networks bankruptcy case ordered the lender to return crypto worth $50 million to users of custody accounts (only), Bloomberg reported.
Judge Martin Glenn delivered the order verbally in a hearing on Wednesday. Per the report, this cryptocurrency “never touched...
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