Tagged: crypto lender

March 7, 2024 @ 9:37 am By Omar Faridi  |  

Bankrupt crypto lender BlockFi reportedly reached a $874.5 million in-principle settlement with failed digital currency exchange FTX and Alameda Research estates. This, according to a recent bankruptcy court filing. BlockFi filed for bankruptcy in November of 2022 following the collapse of multiple crypto firms, culminating… Read More

November 11, 2023 @ 11:09 am By Omar Faridi  |  

Cryptocurrency lender Hodlnaut has started its liquidation in Singapore. As widely reported, Hodlnaut is to be liquidated in Singapore following a failed attempt to restructure the firm’s business operations. The company reportedly lost funds during the Terra/Luna collapse and the demise of FTX in late… Read More

April 8, 2023 @ 4:49 pm By Omar Faridi  |  

Bankrupt cryptocurrency lender Celsius Network recently revealed that it would be going ahead with its planned Chapter 11 restructuring process with a disclosure statement including pertinent information for its claim holders. Last week, we filed our Chapter 11 Plan of Reorganization (“the Plan”) with the… Read More

October 31, 2022 @ 8:54 am By Omar Faridi  |  

Crypto lending platforms, including BlockFi, Ledn, and Nexo, have recently raised their interest rates on deposits. Historically, crypto lending platforms have offered fairly steep returns. The question is, why? They’re citing a lack of options for borrowers, given both Celsius and Voyager going bankrupt, but… Read More

August 13, 2022 @ 10:45 am By Omar Faridi  |  

San Francisco’s blockchain payments Fintech Ripple Labs Inc, which is currently involved in an extensive legal battle with the US Securities and Exchange Commission (SEC), is reportedly interested in acquiring the assets of bankrupt cryptocurrency lending platform Celsius Network. This, according to statements shared by… Read More