Search
Troubled Crypto Lender Babel Finance Eyes Restructuring with Stable Asset Project – How Does it Work?
6.3.2023
The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin.
The new stablecoin that is being proposed is called Babel Recovery Coin. The plan is for the coin to maintain a $1 price in the market through a system of trading incentives...
Bankrupt Crypto Lender Celsius Re-Opens Withdrawals for Certain Custody Accounts
3.3.2023
Celsius paused withdrawals last June, citing extreme market conditions
Nexo Crypto Lender Resolves Multistate Lawsuit with $22.5M Settlement – Here's What Happened
1.3.2023
The crypto lender Nexo has resolved a settlement for $22.5 million with multiple US states, after the Ohio Division of Securities became the latest state regulator to join in.
The firm, which is led by Bulgarian entrepreneur Kosta Kantchev, will pay $424,528.30 per jurisdiction that has joined...
Crypto Lender Voyager Received Single-Page Value Statement From Hedge Fund Three Arrows Capital
1.3.2023
Court documents show the level of due diligence carried out by Voyager Digital with regard to its investment in 3AC
Crypto Lender Voyager Says Majority of Customers Voted for Restructuring Plan With Binance US
1.3.2023
Crypto lender Voyager Digital Holdings, which filed for bankruptcy last year, said Tuesday night that 97% of its customers, representing 98% of total claims, voted in favor of a chapter 11 restructuring plan which will see Binance US acquire some of its assets
Ohio Joins $22.5M Multistate Settlement Against Crypto Lender Nexo
28.2.2023
The North American Securities Administrators Association and the U.S. Securities Exchange Commission already announced in January that a settlement had been reached
Stablecoin Lender Liquity's Token Rises 35% on Binance Listing
28.2.2023
LQTY, the native token of stablecoin lender Liquidity, has risen by 35% after being listed on Binance's innovation zone
Crypto Lender Vauld Gets Further Extension for Restructuring Plan
27.2.2023
Vauld now has until March 24 to present its restructuring plan. Its existing legal protection from its creditors expires on Feb. 28
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
16.2.2023
Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit...
Bankrupt Crypto Lender Celsius Finds a Buyer for Platform to Restart Operations – Here's the Latest
16.2.2023
Digital asset investment firm Novawulf Digital Management has reached a deal with crypto lender Celsius to buy its lending operations and help bring an end to its bankruptcy case.
Debtors of Celsius Network have presented the sale plan to the U.S. Bankruptcy Court of the Southern District of...
Stablecoin Lender Liquity's LQTY Token Surges 45% as New York Regulator Goes After Paxos' BUSD
14.2.2023
Traders look more closely at decentralised censorship-resistant stablecoin lending protocols like Liquity in the wake of regulatory action on Paxos' centralized dollar-pegged cryptocurrency BUSD
Crypto Lender Nexo Stopped EIP for US Clients on Feb. 10
13.2.2023
Last month, Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of EIP
Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry
11.2.2023
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put...
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
11.2.2023
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility...
Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
10.2.2023
The company joins Core Scientific in trying to offload the assets before expiry, and will use the funds to repay creditors
Bankrupt Crypto Lender BlockFi Takes Two-Thirds Haircut to Settle Bitcoin Miner Bitfarms' Debt
9.2.2023
The miner had recently warned it might stop paying off the debt to BlockFi
Crypto lender SALT makes comeback with $64.4 million funding
9.2.2023
The crypto lender froze withdrawals in mid November. It will resume operations in Q1 2023 buoyed by a Series A recapitalization
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
7.2.2023
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures...
Crypto Lender SALT Raises $64.4M to Resume Operations
7.2.2023
The crypto lender paused operations after the collapse of crypto exchange FTX
DeFi Lender Aave to Distribute Lido Staking Rewards on Arbitrum and Optimism
7.2.2023
The Aave community has favorably voted on a proposal to permit Lido DAO to distribute token rewards across liquidity pools on three networks