Lending

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.

Finblox Raises Withdrawal Limit, Explores Legal Action Against Three Arrows Capital
Finblox had imposed a $1,500 withdrawal cap following emergence of its exposure to the hedge fund.

El exchange FTX está cerca de comprar BlockFi por solo $25 millones
La plataforma de préstamos cripto valía $1000 millones a principios de mes, según fue reportado.

Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources
The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.

The Risks and Benefits of On-Chain Credit Protocols
"Unsecured lending" repeats some of issues of undercollateralized lending that blew up some crypto firms, but offers a potential solution.

CoinFLEX Pauses Withdrawals Amid ‘Extreme Market Conditions’ and Counterparty Uncertainty
The counterparty is not crypto hedge fund Three Arrows Capital, CoinFLEX's CEO said.


Hong Kong’s Hoo.com Expects to Re-Open Some Token Withdrawals Today; Finblox Takes Steps to Address Liquidity
Several Hong Kong-based crypto platforms have made changes to their policies amid the market upheaval and liquidity crunches.

Celsius Network Pauses AMAs, With Customers Left in the Dark Over Withdrawals
Celsius has not yet provided an update on the status of withdrawals from its platform as regulators investigate.

