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July 27, 2022
Liquidity-challenged crypto lender Celsius Network filed for Chapter 11 bankruptcy protection earlier this month in the Southern District of New York - over a month after it halted customer [...]
July 27, 2022
Bankrupt crypto lender Voyager Digital has rejected an offer from FTX that would have allowed Voyager's customers to receive an advance on their claims in the bankruptcy.
July 25, 2022
(Reuters) - Bankrupt crypto lender Voyager Digital said a recent joint proposal from FTX and Alameda Ventures was a "low-ball bid dressed up as a whit...
July 24, 2022
Eugene Erlikh had about $25,000 in his account at Celsius Networks LLC last September when he borrowed $4,000 in a so-called margin loan to buy cardano, a cryptocurrency.
July 24, 2022
The ‘cryptopocalypse’ shines a light on a murky world that has lost punters billions
July 24, 2022
Bankman-Fried has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms that have stumbled in the crypto winter.
July 23, 2022
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July 23, 2022
According to the report, the company has over $600 million in loans that are not secured by any collateral. As a result, if BlockFi's margin calls to recover the loan are unsuccessful, the company will proceed to liquidate the borrower's business and acquire legal ownership of the funds that are left over. When Three Arrows failed to meet the margin calls in the same situation that included BlockFi, BlockFi proceeded to liquidate the business.
July 23, 2022
The founders of the hedge fund company 3AC, Su Zhu and Kyle Davies, went on to claim that the collapse of the company is regrettable. As the claim of the investors knocks the door of the company, the founders spoke that, they were planning to move to Dubai. The main reason that they stated was to assess the market conditions for the company or to see if future holds something different.
July 23, 2022
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero