Tag: crypto lender

Sep 23 2022

Celsius Shareholders’ Demand for Bankruptcy Payouts

Lawyers say in a motion that the bankruptcy of Celsius is "all about the customers" and "without regard for the equity holders." Holders of preferred equity in the failed cryptocurrency lender Celsius Network want to make sure they are at the table when decisions are made about getting their investments back and getting the first […] The post...

Sep 14 2022

USDC Influence: Crypto Lender Maker Turns to Staked Ether

Sep 14 2022 Published at Coinscreed under tags  crypto lender ether news usdc

This is part of a move away from crypto products like stablecoins that are controlled by a few people. Maker, the world's largest decentralized-finance (DeFi) app, doubled the debt limit of its staked ether (stETH) vault this week. It did this to reduce its reliance on centralized stablecoins after Centre, the issuer of USD coin […] The post...

Aug 20 2022

Crypto New Casualty – Hodlnaut Sacks 80% Of Personnel Due To Liquidity Distress

Troubled Crypto lender Hodlnaut has laid off 80% of its employees and filed for judicial intervention in Singapore in a bid to decrease costs and stay afloat. On Friday, Hodlnaut, which offers cryptocurrency investment options in approved institutions with interest, disclosed liquidity issues. Hodlnaut confirmed that it ended the employment of approximately 40 individuals "to cut corporate expenses." According to its statement, the...

Jul 14 2022

Celsius terms of use do not guarantee return of customers’ funds

Jul 14 2022 Published at CryptoSlate under tags  celsius crypto lender lending

Struggling crypto lender Celsius has filed for Chapter 11 bankruptcy in the US which could mean users may be unable to recover their funds. Court filings showed that the crypto lender filed for bankruptcy on July 13. Celsius CEO Alex Mashinsky...

Crypto Collapse Pulls Celsius Network Down Into Bankruptcy

Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a string of crypto asset organizations that have restructured in response to a severe sell-off in cryptocurrencies this year. The news is the latest high-profile crypto bankruptcy as crypto values collapse, making Celsius the latest victim of a $2 trillion meltdown that has crippled...

Jul 13 2022

BlockFi Will No Longer Accept Grayscale GBTC Shares As Collateral, Unwinds All Positions

Crypto lenders in the market have been severely struggling to handle liquidity challenges. On Tuesday, July 12, crypto lender BlockFi announced that it will no longer be accepting Grayscale's GBTC shares as collateral. Following the news, the GBTC stock (OTCMKTS: GBTC) collapsed 5% on Tuesday ending at $12.21. Amid the Bitcoin price correction, the GBTC...

Jul 06 2022

Crypto Lender Voyager Digital Goes Bankrupt After Three Arrows Collapse

Crypto lender Voyager Digital is the latest domino to fall in the tumultuous market for digital assets. Voyager Digital disclosed on Wednesday that it filed for bankruptcy on Tuesday with the U.S. Bankruptcy Court for the Southern District of New York. The bankruptcy petition comes a week after the company froze withdrawals, trading, and deposits as it sought further time to consider available...

Jul 04 2022

Crypto Lender Vauld Halts Withdrawals As Stress Mounts On Crypto Industry

Vauld's CEO has said that the crypto exchange is halting all trading, deposits, and withdrawals owing to financial difficulties. Vauld Suspends Withdrawal As it navigates "financial challenges," Vauld, a Singapore-based cryptocurrency lending and exchange firm, has suspended withdrawals, trading, and deposits on its platform. The three-year-old firm, which has raised approximately $27 million from investors including Pantera...

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