Lending
Celsius Outlines Next Steps as Bankruptcy Proceedings Begin
The insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement.
Celsius Owed $439M by Lending Firm EquitiesFirst: Report
Celsius first borrowed from EquitiesFirst in 2019 before an overcollateralized crypto loan went sour in 2021.
Behind Voyager’s Fall: Crypto Broker Acted Like a Bank, Went Bankrupt
In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard.
NFTs Are Now Collateral for Secured Loans. Are You Legally Protected?
Repossessing used cars is one thing, but a lender may find it hard to know the right jurisdiction to lay claim to a Bored Ape owned by “MoonBoiBallz99.”
Crypto Exchange Blockchain.com Faces $270M Hit on Loans to Three Arrows Capital
Blockchain.com “remains liquid, solvent and our customers will not be impacted,” wrote CEO Peter Smith in a letter to shareholders.
TPS Capital Says It's 'Independent' From Three Arrows Capital
In a statement shared on Twitter, TPS Capital says its operations are “separate and distinct” from the beleaguered crypto hedge fund.
Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of 'Lending Demand'
The venture capital-backed firm said the lack of “institutional fixed income DeFi adoption” drove its decision.
Lending Platform Vauld Looks to Restructure Amid Crypto Downturn, Suspends Transactions
Vauld has seen around $198 million in withdrawals since June 12.
Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources
The company is reportedly in the process of signing an engagement letter with the investment banking firm.
