Loans Financial News

13.03 / 13:27

Blockchain defi Hackers hacks Decentralized Exchange Loans Euler Finance hacked for over $195M in a flash loan attack

Ethereum-based non-custodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attacker managing to steal millions in DAI, USDC, staked Ether (StETH) and wrapped Bitcoin (WBTC).

09.03 / 05:37

business Mining Liquidity Banks Loans Bitcoin Marathon Marathon Digital terminates credit facilities with Silvergate Bank

Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations.

25.02 / 00:11

defi Hackers hacks regulation Loans Terra Yield platform Stablegains sued for promoting UST: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

18.02 / 01:39

defi Hackers hacks Smart Contracts Loans Platypus attack exploited incorrect ordering of code, auditor claims

The $8m Platypus flash loan attack was made possible because of code that was in the wrong order, according to a post mortem report from Platypus auditor Omniscia. The auditing company claims the problematic code didn’t exist in the version they saw.

09.02 / 19:59

business Mining Loans Bankruptcy Bitfarms Bitfarms settles outstanding loan with BlockFi for $7.75M

Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurrency lender.

02.02 / 09:30

business regulation Loans Bankruptcy Voyager victim calls for trustee to seize control of the estate

A Voyager creditor and finance lawyer wants to see a chapter 11 trustee appointed in crypto brokerage Voyager Digital’s bankruptcy trial, which would see Voyager lose control of its estate.

01.02 / 09:19

business Mining regulation SEC Banks Interest rates Loans Backed Crypto-friendly bank ends loans backed by crypto mining rigs

The holding company for the crypto-friendly bank, BankProv, has revealed it’s no longer providing loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans primarily secured by them throughout 2022.

31.01 / 07:13

business Law FTX Loans Bankruptcy FTX sister company Alameda Research sues Voyager Digital for $446M

Embattled crypto investment firm Alameda Research is suing bankrupt crypto lender Voyager Digital in an effort to claw back loan repayments FTX made before it collapsed in November.

24.01 / 09:05

Blockchain defi Hackers hacks Loans Leverage Wormhole hacker moves $155M in biggest shift of stolen funds in months

The hacker behind the $321 million Wormhole bridge attack has shifted a large chunk of stolen funds, with transaction data showing that $155 million worth of Ether (ETH) was transferred to a decentralized exchange (DEX) on Jan 23.

13.01 / 23:21

business Mining Loans Bitfarms Bitfarms seeks to modify loan facility with BlockFi as bear market drags on

Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its indebtedness amid the bear market.

24.12 / 11:35

business Mining Loans Public Bitcoin mining companies plagued with $4B of collective debt

The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of the bitcoin mining community amid a prolonged bear market. Turns out, the public bitcoin miners owe more than $4 billion in liabilities and require an immediate restructuring to get out of the unsustainably high debt levels.

01.12 / 07:25

defi Loans Crypto trading firm Auros Global misses DeFi payment due to FTX contagion

Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan.

16.10 / 08:39

business defi hacks Loans Time Wintermute repays $92M TrueFi loan on time despite suffering $160M hack

When Wintermute, a cryptocurrency market maker, lost $160 million due to a hack, concerns related to the repayment of debt worth $189.4 million surfaced. However, in an exciting turn of events, Wintermute paid back its largest debt due Oct. 15, involving a $92 million Tether (USDT) loan issued by TrueFi.

15.10 / 00:19

defi Hackers hacks Loans settlement Mango Market's DAO forum set to approve $47M settlement with hacker

Following a $117 million exploit on Oct. 11, the Mango Markets community is set to make a deal with its hacker, allowing the hacker to keep $47 million as a bug bounty, according to the decentralized finance (DeFI) protocol governance forum.

29.09 / 04:05

business defi Liquidity Loans Maple Finance CEO: Separating risk from lending saved DeFi from market crash

Maple Finance co-founder and CEO Sid Powell says that transparency has been the saving grace of decentralized finance (DeFi) amid the prolonged crypto market slump.

08.09 / 13:01

defi Hackers hacks Loans DeFi protocol token NFD crashes by 99% after a flash loan attack

New Free DAO, a decentralized finance (DeFi) protocol, faced a series of flash loan attacks on Sept. 8, resulting in a reported loss of $1.25 million. The price of the native token has dropped by 99% in the wake of the attack.

25.08 / 08:55

NFT Crypto Collectibles Marketplace Loans Nifty: M&M'S jump into BAYC mania, a Pudgy Penguin sells for 400 ETH and more…

Global confectionery giant Mars has teamed up with virtual metaverse band KINGSHIP to create limited edition boxes of M&M'S featuring content from the Bored Ape Yacht Club (BAYC).

24.08 / 23:41

business Loans Bankruptcy Singapore authorities approve probe of 3AC on behalf of liquidators: Report

The Singapore High Court on Monday approved a petition to recognize the liquidation order against Three Arrows Capital (3AC) issued by a court in the British Virgin Islands, Bloomberg reported Wednesday, citing unnamed sources. The Singapore court’s decision, handed down in private, gives the petitioner the legal ability to request access to 3AC financial records kept in Singapore, where 3AC is based.

22.08 / 09:21

NFT Marketplace Loans GameStop NFT daily fee revenue plunges under $4K as gloom infects markets

Daily revenue for GameStop’s NFT marketplace has plummeted to under $4,000, suggesting that interest in the platform has waned significantly since launching in mid-July.

19.08 / 14:47

NFT lending Loans Nearly $55M worth of Bored Ape, CryptoPunks NFTs risk liquidation amid debt crisis

Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks NFTs, who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector's first massive liquidation event.

12.08 / 00:37

business defi Venture Capital Loans Maven 11 launches $30M lending pool on Maple as borrowers turn to DeFi

Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market.

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