Tag: Repay
Debtors saved over $100M using de-pegged stablecoins to repay loans
The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors t [...]
Babel wants to repay creditors via special ‘recovery coins’: Report
Babel Finance, one of cryptocurrency lending firms shaken by the bear market of 2022, is exploring new restructuring opportunities involving minting a [...]
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
Babel is on the verge of filing a moratorium extension that would prevent creditors from making claims for at least six months, the report said. The f [...]
DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack
The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for the exploit last week.
www.coindesk.com [...]
New ‘Celsius token’ may be used to repay creditors: report
Bankrupt crypto lending firm Celsius may issue its own token to repay creditors, according to a January 24 report from Bloomberg. The report cites a v [...]
Dutch exchange Bitvavo rejects DCG’s proposal to repay 70% of debt
Cryptocurrency exchange Bitvavo, a major creditor of the troubled crypto company Digital Currency Group (DCG), has dismissed DCG’s proposal of partial [...]
Anyone Who Took Money From FTX Ought to Repay It
This is of course complicated by the fact that much of the capital has already been spent – like at Vox’s Future Perfect project, a recipient of funds [...]
Bitcoin Mining Firm TeraWulf Raises $10M in New Capital to Repay Some of Its Debts
The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet.
www.coindes [...]
Lending Protocol TrueFi Issues Notice of Default to Invictus Capital for Failing to Repay Loan
Following the loan default, Archblock (formerly TrustToken), which manages relations between lenders and borrowers on TrueFi, will join the liquidatio [...]
Mango Markets Hacker Provides Ultimatum: ‘Repay Bad Debt’
Hacker proposes to send back stolen MSOL, SOL, and MNGO if Mango Finance promises to pay back bad debt using USDC available in its treasury.
www.coin [...]
LFG Slow-Walks Plan to Repay Small-Time Terra Holders, Citing Legal Threats
Luna Foundation Guard previously promised to repay "small" holders of the UST stablecoin with its remaining reserves.
www.coindesk.com [...]
Binance Pay partnership allows UAE entrepreneurs to repay loans using crypto
Binance marked its presence among the Middle East investors by running various licensed operations in Abu Dhabi, Dubai and other regions. Targeting ef [...]
Crypto.com gives users in excluded countries one week to repay loans
Crypto.com is reportedly giving users from countries restricted from its loan program until March 15 to repay their crypto loans. The firm updated the [...]
Crypto.com Tells Loan Customers in ‘Excluded’ Countries to Repay by March 15
“Please be informed that Lending is no longer supported in your jurisdiction. For this reason, we are required to cancel your current loans,” the exch [...]
Block CFO says customers repay almost all buy now, pay later loans
Nearly all of Afterpay's customers repaid their installments in 2021, Block CFO Amrita Ahuja told CNBC on Thursday when questioned about the Cash App [...]