Lending Financial News

06.02 / 16:17

lending Hodlnaut crypto lending Potential Buyers Are Showing Interest in Embattled Crypto Company Hodlnaut

Potential buyers have shown interest in the embattled cryptocurrency lending company Hodlnaut and its claims against now-bankrupt digital asset exchange FTX.

06.02 / 13:05

business lending FTX Bitcoin Ftx Claims Hodlnaut works with potential buyers to sell firm and FTX claims: Report

Troubled cryptocurrency lending firm Hodlnautis reportedly working with several potential investors to sell its business and other assets.

04.02 / 23:25

business defi lending Digital Currency Group Bankruptcy creditors committee Genesis unsecured creditors' committee appointed

A seven-member committee has been appointed to represent the interests of unsecured creditors in Genesis Global bankruptcy case, according to court filings on Feb. 4.

02.02 / 20:05

defi solana lending FTX Solana DeFi protocol Everlend shuts down over liquidity issues

Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations and urging clients to withdraw funds from the platform.

02.02 / 04:23

business Blockchain Hackers hacks Altcoin lending DAO BonqDAO protocol suffers $120M loss after oracle hack

A small-scale decentralized autonomous organization (DAO) has suffered a rather sizeable smart contract exploit leading to an estimated $120 million being stolen from its protocol.

01.02 / 23:23

Blockchain defi solana lending Decentralization How to Crypto What is Solend and how does it work

Solend is a decentralized lending and borrowing protocol built on Solana. It is lauded for expanding the methods available for Solana users to boost financial gains. Filling a large gap in the Solana ecosystem, Solend drew a staggering $100 million in deposits in just over a month post-launch.

31.01 / 23:27

business lending Bankruptcy Customer Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius

Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31 appendices.

30.01 / 23:03

regulation Gemini lending NYDFS Financial New York financial regulator investigates Gemini over FDIC claims: Report

New York State’s Department of Financial Services is reportedly investigating cryptocurrency exchange Gemini over claims the firm made in regards to assets under its Earn lending program.

28.01 / 00:27

Ethereum defi Developers lending testing Aave deploys V3 on Ethereum after 10 months of testing on other networks

The third version of crypto lending app Aave has now been deployed to Ethereum for the first time, according to a Jan. 27 tweet thread from the Aave team. “Aave V3” was originally released in March 2022, and it was deployed on multiple Ethereum Virtual Machine (EVM)-compatible blockchains shortly afterward. Until now, Ethereum users only had access to the app's older “V2” version.

27.01 / 21:39

business defi solana lending Solana DeFi project Friktion shuts down its user platform

Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26.

25.01 / 01:37

business regulation Investments lending Bankruptcy creditors 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 video court hearing as the source of the information.

24.01 / 08:23

business lending Court Digital Currency Group Bankruptcy exit resolution Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May

A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May.

23.01 / 23:51

Law regulation lending Court Bankruptcy BlockFi exec argues bankruptcy court should approve bonuses to retain talent

Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings.

22.01 / 23:17

business lending Digital Currency Group Bankruptcy hearing Genesis bankruptcy case scheduled for first hearing

The first hearing in Genesis Capital's bankruptcy case will be held on January 23 at 2:00 pm (EST), according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York will hear the case.

20.01 / 17:17

SEC lending Nexo settlement Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product

Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).

20.01 / 17:05

business Gemini lending community Genesis bankruptcy filing sparks various community responses

As the crypto lender Genesis Global Trading filed for Chapter 11 bankruptcy protection in New York, members of the crypto community went on social media to express their thoughts on the matter.

20.01 / 01:45

business Government Blockchain regulation SEC lending us government settlement Nexo agrees to $45M settlement with SEC and NASAA over earn product

Crypto lender Nexo Capital has agreed to pay $45 million in penalties to the United States Securities Exchange Commission (SEC) and The North American Securities Administrators Association (NASAA) for allegedly failing to register the offer and sale of its Earn Interest Product (EIP).

17.01 / 13:05

business regulation lending Troubled crypto lender Vauld gets extended creditor protection

Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28.

16.01 / 22:21

regulation lending Nexo Caribbean VASP Financial Nexo sues Cayman Islands financial regulator over VASP license

The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.

10.01 / 00:01

business lending Assets Bankruptcy BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11

Crypto lending firm BlockFi has announced it will disclose information on its assets and liabilities as well as payments received prior to its bankruptcy filing in November.

06.01 / 00:31

business lending Crypto lender Genesis Crypto lender Genesis lays off 30% more staff: Report

Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in the second round of layouts in six months.

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