Bear MarketGenesis needs more time to sort ‘complex’ financial situationGenesis CEO said the firm remains focused on its effort to solve its financial issues. 3 years ago
LegalGemini Earn users launch class arbitration against Genesis, DCGThe claimants allege that Genesis breached its agreement with Gemini Earn users and engaged in the unregistered sale of securities. 3 years ago
BankruptcyVauld says Nexo acquisition has broken downNexo suggests that its plans continue despite Vauld's insistence to the contrary. 3 years ago
LendingBlockFi one step closer to opening withdrawals, but not for majority of usersThe company intends to gain court authorization and allow users to retrieve funds. 3 years ago
LendingNexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan defaultNexus Mutual has initiated a withdrawal process for its remaining assets — roughly 12,887 ETH — from the M11 Credit pool. 3 years ago
LendingMaple Finance severs ties with Orthogonal Trading over insolvency concernsOrthogonal Trading misrepresented its financial exposure to the FTX collapse and defaulted on repaying its $31 million loan from Maple's M11 lending Pool. 3 years ago
LendingNexo bows out of US on regulatory uncertaintyNexo stated that its "18 months of good-faith dialogue with U.S. state and federal regulators" had not yielded desired results. 3 years ago
TokensUpbots issues recovery plan in light of FTX, Alameda exposureUpbots had stored part of its liquidity on FTX and tokens on Alameda; it announced plans to mitigate exposure to the companies' collapse. 3 years ago
Bear MarketGenesis sought $1B emergency loan but never got itA confidential document uncovered by the WSJ depicts Genesis' request for $1 billion loan to recoup liquidity as a result of FTX fallout. 3 years ago
LendingCircle drops Yield rates to 0%Circle said despite $2.6 million outstanding in loans, its yield product is overcollateralized and secured by "robust collateral agreements." 3 years ago
Bear MarketGenesis’ crypto-lending unit halts customer withdrawalsIn light of the FTX collapse, Genesis is facing abnormal withdrawals requests beyond the limits of their current liquidity. 3 years ago
BankruptcyFTX reaches out to Kraken for help as it scrambles for $9.4B bailout; Alameda owes exchange $10BThe latest development emanates after the CEO of the cryptocurrency exchange, Sam Bankman-Fried, said he's working on emergency moves to raise funds 3 years ago