Tag: Insolvent
Crypto lender Abra has been insolvent since March, says Texas regulator
Crypto lending firm Abra, which once handled more than $116 million in assets, had allegedly committed securities fraud and has been insolvent since M [...]
Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say
"At least as of the date of the interview, parties collectively operating as Abra were or were nearly insolvent," the filing said. "Notwithstanding th [...]
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
The bid, though accepted by Celsius and a committee of its creditors, must still be approved by regulators to finalize the acquisition. Months ago, Ba [...]
Belgian Crypto Lender Bit4You Suspends Activities After Service Provider Declared Insolvent
Bit4You learnt of CoinLoan's insolvency on April 24 and that it no longer has the necessary registration as a digital asset custodian.
www.coindesk.c [...]
CFO of Insolvent Crypto Lender Voyager Resigns
Ashwin Prithipaul joined Voyager as its chief financial officer in May of this year.
www.coindesk.com [...]
0.3% fall in assets “could render Tether technically insolvent” — WSJ
An article in the Wall Street Journal (WSJ) has claimed that Tether’s balance sheet is in a position that even a 0.3% drop in value of its reserve ass [...]
Crypto Trading Firm TPS Capital Denied Ties to Insolvent Three Arrows. Court Documents Indicate a Connection
Caymans-registered Tai Ping Shan, which owns 5% of the Singapore entity TPS Capital, lists Paul Muspratt, the managing director of West Bay Global Ser [...]
Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
Last week, CoinDesk reported that Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 mi [...]
Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip
Coinbase has long been considered an important bellwether of the cryptocurrency market. Last year, when the company was expanding its workforce, addin [...]
NEXO price drops 40% in three days on rumors of ties to ‘insolvent’ crypto fund
The price of Nexo (NEXO) continued to fall on June 15, as Nexo denied rumors of exposure to Three Arrows Capital (3AC), a Dubai-based crypto fund faci [...]
Social Safety is projected to be bancrupt a 12 months sooner than beforehand forecast.
The monetary outlook for Social Safety is eroding extra rapidly than beforehand anticipated, because the coronavirus pandemic has drained authoriti [...]
Bancrupt Change FCoin Had Bitcoin Outflow Issues Simply Two Months After Launch: Report
Cryptocurrency change FCoin, which revealed its insolvency this week, might have already been leaking bitcoin as early as July 2018 – simply two mo [...]
Crypto Trade FCoin Bancrupt After Revealing As much as $130M Bitcoin Shortfall
FCoin, a crypto alternate that adopted the controversial "trans-fee mining" mannequin, has paused buying and selling and withdrawal because it reve [...]
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