Tag: crypto contagion

Sep 23 2022

Coinflex Reveals Initial Restructuring Path

Sep 23 2022 Published at FullyCrypto under tags  crypto contagion cryptocurrency news

Reading Time: 2 minutes Coinflex has released its initial restructuring plan to creditors, pending final approval by stakeholders Some shareholders are likely to “get wiped out” A new board will manage the revamped platform...

Sep 21 2022

Binance Joins Voyager Digital Auction With $50 Million Bid

Reading Time: 2 minutes Binance has joined the battle for Voyager Digital’s assets What’s left of the bankrupt exchange is being auctioned off FTX has already had a bid rejected, labelled as a PR stunt...

Sep 15 2022

Celsius Creditors Reject Rebranding Ambitions

Reading Time: 2 minutes Celsius’ plans to rebrand itself may be dead in the water The company mooted the suggestion of relaunching as a crypto custodian Creditors have rejected the idea, clearly showing how little trust they...

Sep 13 2022

Algorand Foundation Admits $35 Million Hodlnaut Exposure

Reading Time: 2 minutes The Algorand Foundation has admitted that it has $35 million worth of exposure to Hodlnaut The foundation said its investment is in the form of USDC coins now locked in the platform Hodlnaut ceased...

Sep 09 2022

Celsius Insolvent Since 2019, Regulator Suggests

Reading Time: 2 minutes The Vermont financial watchdog has released a report indicating that Celsius may have been insolvent since 2019 This is against the company’s earlier stand that its fall was caused by the 2022 crypto winter...

Sep 08 2022

Why Has Poolin Halted Withdrawals?

Reading Time: 2 minutes This week, mining pool Poolin announced that it would be halting withdrawals for a short time The company is the fifth largest Bitcoin mining pool, so this is no small deal Why is Poolin halting withdrawals, and what are they doing to resolve the...

Aug 23 2022

Hodlnaut Rebuilding Process Hits Immediate Stumbling Block

Reading Time: 2 minutes Embattled exchange Hodlnaut has seen its rehabilitation plans immediately halted Hodlnaut’s candidate choice was yesterday rejected by a creditor body The exchange is out of funds after losing $190 million in the Terra UST collapse The...

Aug 18 2022

Judge Allows Celsius Mining to Sell its Bitcoin Holdings

Reading Time: 2 minutes A U.S. judge has allowed Celsius Mining to sell the bitcoin it holds Creditors had asked for more time to assess Celsius Mining’s plans, citing a lack of trust over its business acumen The judge allowed the sale of the bitcoin but not other...

Aug 12 2022

Celsius Creditors Trying to Stop Company Selling Bitcoin

Reading Time: 2 minutes Celsius creditors are trying to stop the company from selling its mined bitcoin Celsius Mining filed for bankruptcy the day after Celsius in mid-July Lawyers for creditors demanded to know the details of any potential sale and where the money...

Aug 11 2022

Coinflex Seeks Approval for Restructuring

Reading Time: 2 minutes Coinflex has filed its restructuring plan with a Seychelles court The plan involves seeking tens of millions in rvUSD purchases Coinflex is in the hole for $84 million, which it says Roger Ver owes it Coinflex has filed a restructuring...

Aug 10 2022

German Crypto Bank Nuri Files for Insolvency

Reading Time: 2 minutes German crypto bank Nuri has filed for insolvency, having run out of operational funds Nuri started as Bitwala in 2015 and was one of the first to offer a crypto debit card User funds are safe thanks to a partnership with a traditional German bank...

Aug 09 2022

Hodlnaut Exchange Withdraws Licence After Suspending Operations

Reading Time: 2 minutes Crypto exchange Hodlnaut has frozen customer withdrawals, token swaps and deposits The exchange has not offered an explanation for its suspension except to cite “recent market conditions” It has pulled its Monetary Authority of Singapore...

Aug 01 2022

Coinflex Cuts Workforce by Over 50%

Reading Time: 2 minutes Coinflex has cut its workforce by over 50% The exchange blamed the crypto winter and its battle with Roger Ver over $84 million Coinflex is still looking for a partner Coinflex, the exchange that recently launched legal proceedings...

Jul 26 2022

Sam Bankman-Fried Hits Back at Voyager

Reading Time: 2 minutes Sam Bankman-Fried has hit back at Voyager Digital’s criticism of FTX’s offer for the company FTX tabled a bid for Voyager last week, but it was rejected over the weekend Voyager criticised the offer as...

Jul 25 2022

Voyager Digital Rejects FTX Buyout Over Customer Fears

Reading Time: 2 minutes Voyager Digital has rejected a buyout offer from FTX The bankrupt exchange savaged FTX, saying the company was just doing it as a PR exercise Voyager filed for bankruptcy three weeks ago...

Jul 21 2022

Coinbase Tackles Insolvency Rumours

Reading Time: 2 minutes Coinbase has tackled rumours that it is at risk from insolvency The exchange published a blog post outlining its approach to risk Unsubstantiated rumours of insolvency have been doing the rounds for a week or so Coinbase has moved to...

Jul 20 2022

FTX in talks to raise funds amid spending spree to prevent contagion

Sam Bankman-Fried-led FTX and its US division FTX US are in talks to raise new funds, Bloomberg News reported July 20. The crypto exchange reportedly seeks to raise an amount at the same valuation as its Series C...

Jul 19 2022

Genesis Loaned Three Arrows Capital $2.36 Billion

Reading Time: 2 minutes Genesis has filed a $1.2 billion claim against Three Arrows Capital The bankrupt hedge fund actually has debts of $2.36 billion with the brokerage firm GBTC, ETHE, AVAX and NEAR are among the assets Three Arrows has defaulted on Crypto...

Jul 15 2022

The Week in Crypto – Celsius, NFTs, Elon Musk, and more

Reading Time: 3 minutesThis week in crypto we’ve seen headlines about Celsius (yet again), Kucoin, Vauld, Twitter, Coinflex and more! But which stories were the biggest and baddest on the block? Let’s find out No. 3 - You’ve Been Served…With an NFT We thought that Onecoin’s...

Coinflex Opens Limited Withdrawals

Reading Time: 2 minutes Coinflex has opened withdrawals but under strict conditions Only 10% of some assets can be withdrawn, with BCH, FlexUSD, and existing FLEX holdings locked up Withdrawals have been locked for three weeks Coinflex has announced that users...

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