Browsing Tag
crypto lender
7 posts
BlockFi Users Set to Reclaim $300M Held in Custodial Accounts, Judge Decides
BlockFi, a cryptocurrency lending platform, saw a down period during FTX’s downturn. BlockFi halted the withdrawals on their…
DeFi: After $766M Bitcoin, Ethereum Loss, Babel Plans to Launch ‘Recovery Coin’
In mid-2022, Babel Finance, a Hong Kong-based crypto lender, restricted withdrawals and redemptions from its platform citing unusual…
Crypto Lender Genesis Cuts Down its Staff by 30%
According to the latest details from a spokesperson from Genesis Global Trading, the company cut down its workforce…
DCG has a $350M Loan If Crypto Lender Genesis Goes Bankrupt
Crypto lender Genesis is in the midst of figuring out ways to avoid bankruptcy. Towards the end of…
Bankrupt Crypto Lender BlockFi Files Motion To Return Client Assets
BlockFi recently filed a motion requesting power from the US Bankruptcy Court to allow its users to withdraw…
Hodlnaut in trouble? Singapore probes Crypto Lender for Fraud
The state of affairs in crypto is worsening with every passing day. The FTX saga shows no signs…
Celsius co-founder pronounces his equity to be ‘worthless’
Back in mid-July, a $1.2 billion “hole” was found in Celsius’ balance sheet, and notably, the crypto lending…