Tag: lender
Celsius Reorganization Not Affected by $4.7B Settlement With U.S., Bankrupt Crypto Lender Says
The company "continues to pursue a successful Chapter 11 Plan," Celsius said in a statement attached to a Thursday court filing. "Celsius' Special Com [...]
NFT Lender Gondi Raises $5.3M Round From Hack.vc, Dragonfly, Pantera, Others
“We are thrilled to have co-led Florida Street's seed round, and we are excited about the solutions they are bringing to Web3 users. Gondi's instant r [...]
Bankrupt Crypto Lender Celsius Can Convert Altcoins to BTC, ETH Following Talks With SEC
Celsius “may sell or convert any non-BTC and non-ETH cryptocurrency, crypto tokens, or other cryptocurrency assets other than such tokens that are ass [...]
Crypto Lender MakerDAO Boosts U.S. Treasury Holdings With $700M Purchase to Strengthen DAI Stablecoin Backing
The platform is undergoing a restructuring that includes breaking up its structure into smaller, autonomous units called SubDAOs and investing in yiel [...]
Crypto lender Delio to resume withdrawals after counterparty contagion
According to a recent report by local news outlet Decenter, South Korean crypto lending platform Delio will resume withdrawals, albeit with no fixed s [...]
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 [...]
Crypto Lender Celsius Updates Bankruptcy Plan After Fahrenheit Deal
The new filing is set to face legal opposition from borrowers.
www.coindesk.com [...]
Bankrupt Crypto Lender Genesis Amends Chapter 11 Plan as Mediated Talks With DCG Continue
The updated reorganization plan “reflects substantial agreement on certain key issues,” the filing said, but added that Genesis, its creditors and oth [...]
Crypto Lender Celsius Network’ $800M ETH Staking Shake-Up Stretches Ethereum Blockchain’s Validator Queue to 44 Days
On Thursday, the firm moved a total of 291,000 ETH, worth $553 million, into staking contracts, according to a Dune Analytics chart by 21Shares. A tot [...]
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 [...]
Crypto Lender BlockFi’s Management Was Cause of Collapse, Creditors Say
However, nobody at BlockFi bothered to follow through with this, including the restructuring team, and no bond was posted, the creditors said. “It’s a [...]
Bankrupt Crypto Lender Celsius Transfers $75M of Ether (ETH) to Staking Service Figment
According to data by crypto intelligence firm Arkham Intelligence, Celsius transferred some 40,928 ETH to a crypto wallet spread through fourteen tran [...]
Crypto Lender MakerDAO Founder Proposes Upgraded Versions of DAI Stablecoin and Governance Token (MKR)
The new governance token will have a larger supply than MKR, with a 1200:1 exchange rate to MKR. It will also give access to Maker’s AI-assisted gover [...]
Crypto Lender BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says
“The court finds that all digital assets held by the debtors in custodial omnibus wallets are indeed client property, and not property of the bankrupt [...]