Tag: liquidation

Aug 15 2022

Liquidations Cross $280 Million After Bitcoin Price Falls Below $25,000

Bitcoin price had touched briefly above $25,000 in the past day, but the rejection at this point had sent the digital asset spiraling downward. It had inevitably ended in the high $23,000 before staging a recovery. However, by then, the damage had already been done to a lot of traders. Liquidations had ramped up as quickly as the downtrend was swift, sending almost...

Jul 29 2022

Babel Finance Loses $280 Million, 8,000 BTC Of Customer Funds: Report

A report cites a restructuring deck where Babel details unhedged ‘risky’ trading practices leading to mass liquidations which require massive debt to recover.Babel Finance lost $280 million of customer funds from unhedged trading. The amount includes 8,000 BTC. Babel is seeking a restructure through convertible debt that would see creditors become shareholders.Babel Finance, a...

Jul 22 2022

Why 3AC’s Collapse Could Spell the Start of a Crypto Credit Crunch – Ep. 376

Adam Cochran, partner at Cinneamhain Ventures, discusses the impact of 3AC’s impending liquidation. Show topics: why 3AC founders (and family members) are listing themselves as creditors what the “corporate veil” is and why it matters regarding 3AC where retail investors stand in the pecking order of creditors why Adam doesn’t believe we know the full story about 3AC’s downfall, despite liquidators leaking a...

Jul 19 2022

Scaramucci’s SkyBridge Stops Withdrawals In Fund – Liquidation In The Offing?

Anthony Scaramucci and SkyBridge Capital will be the talk of the town in the coming days -- until they make sure there's no "damage to investors who want to stay in the funds." The cryptocurrency market as a whole is still reeling from the market meltdown precipitated in part by the widely publicized implosion of the Terra (LUNA) ecosystem, which resulted in large...

3AC Owes $2.36 Billion To Crypto Lender Genesis

Jul 19 2022 Published at Coingape under tags  3ac debt defi genesis genesis trading

According to a news report by crypto news site The Block, It has been found that Genesis Asia Pacific Ltd, lent a sum of $2.36 billion to troubled and now bankrupt venture capital Three Arrows Capital (3AC). A freshly released document by Teneo, an advisory firm hired to oversee 3AC’s liquidation, has shown the exact...

Jul 01 2022

Crypto Market Liquidations Surges Past $250 Million As Bitcoin Declines Below $20,000

With bitcoin’s decline below $20,000, the crypto market liquidations have ramped up once more. The market which had been regaining some semblance of normality has now lost its hold. As bears continue to drag down prices across the space, traders are being liquidated left, right, and center. Although the liquidations have not been record-breaking in any way, they remain significant enough to draw...

Jun 30 2022

Zhu Su’s Mansion In Singapore Is Reportedly Up For Sale Following 3AC’s Bankruptcy

According to Chinese reporter Colin Wu, Three Arrows co-founder Zhu Su is rumoured to have put up his mansion in Singapore for sale per some real estate agents, but it has not been indicated on any public platform. Is Zhu Su giving up his properties after 3AC's liquidation? A court order from the British Virgin...

Jun 23 2022

Is Solana Truly Decentralized? Solend’s Actions Sparks Debate

The Solana network has been growing in popularity among decentralized finance (DeFi) enthusiasts. The success of many projects on the platform has drawn developers to it and with the developers have come to the investors. With the market crash, many networks in the market have suffered due to declining prices, having to put in various measures to ensure longevity. The most recent happened...

Apr 01 2022

Bitcoin Tumbles Below $45000, Leading to $400M in Crypto Liquidations

Over $400 million in the crypto market was liquidated in the past 24 hours. Over $121 million bitcoin and $63 million ethereum was liquidated. The positions could have been lost because of the impact of the EU proposal on unhosted wallets, which was recently passed. The crypto market has seen a quick and large liquidation over the past 24 hours, with approximately $400...

Mar 02 2022

Bitcoin Short Squeeze: BTC Bulls Wipe Out $68 Million Shorts In Last 24 Hrs

Bitcoin' jump to $44,000 unwound an increasing number of short positions, data from Coinglass showed. The token has driven the crypto market higher amid growing adoption through the Russia-Ukraine conflict. Is a Bitcoin short Squeeze incoming? Data from Coinglass showed about $68 million short positions in the world's largest cryptocurrency had been liquidated in the The post Bitcoin Short Squeeze: BTC Bulls Wipe...

Sep 08 2021

375,000 Traders Liquidated in 24 Hours

September 8, 2021 / Unchained Daily / Laura Shin Daily Bits...

Aug 02 2021

Hodl Hodl Resurfaces With Explanations After Announcing Forced Liquidations, Lacking Communication

After arousing confusion with incomplete communication and forced liquidations on lending contracts, Hodl Hodl explains what happened.On August 1st, peer-to- peer bitcoin trading and lending platform Hodl Hodl tweeted that the company was upgrading its security measures and contacting users individually through email. A few hours later, the...

Jan 04 2021

Bitcoin, Ethereum Crash Liquidates $1.1 Billion Leveraged Traders

Jan 04 2021 Published at Crypto Briefing under tags  liquidation markets

Bitcoin and Ethereum prices dropped all the weekend gains before the traditional markets opened for trading Monday, liquidating $1.1 billion leveraged orders. Nevertheless, market sentiments continue to wax bullish despite the carnage. Bullish Bitcoin, Ethereum Selling ...

Nov 26 2020

Compound User Liquidated for $49 Million, Price Oracle Blamed

Nov 26 2020 Published at Crypto Briefing under tags  analysis compound liquidation oracles

Compound has seen over $100 million in liquidations in the last 24 hours, according to LoanScan. More than half of the collateral liquidated was in the form...

Nov 16 2020

MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds

Nov 16 2020 Published at CoinDesk under tags  b.protocol lending liquidation makerdao tech

A loophole in MakerDAO’s collateralized debt market enables positions to be closed far more leniently than intended due to an oversight in the auction process.

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