Crypto lender – DIGIT INFO

Crypto platform resumes UK registrations after 10-month FCA compliance pause

DIGIT — Tue, 03 Sep 2024 11:04:07 +0000

The crypto lending platform took the 10-month pause to realign its onboarding process with the FCA’s guidelines oriented towards investor protection.

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BlockFi confirms July start for interim crypto distributions

DIGIT — Thu, 18 Jul 2024 07:38:29 +0000

BlockFi clients are to note that client communications will exclusively occur via official email channels.

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Genesis Global secures court approval for $3B payout

DIGIT — Sat, 18 May 2024 07:43:06 +0000

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.

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Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai

DIGIT — Wed, 06 Mar 2024 08:45:33 +0000

On Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous city. Nexo Gains Initial VARA Approval for Dubai Crypto Operations The crypto lender Nexo received a provisional “Initial Approval [IA]” […]

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Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

DIGIT — Tue, 16 May 2023 10:00:10 +0000

The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction. […]

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Voyager Digital Provides Update on Reimbursement Plan for Creditors

DIGIT — Sat, 06 May 2023 10:30:07 +0000

Following Binance’s withdrawal from the Voyager Digital deal on April 25, the now-defunct crypto lender has recently informed creditors that they can expect to receive their initial cash and crypto distributions “within the next few weeks.” This update comes nine days after Binance’s decision to back away from the deal. Voyager Digital Expects Initial Distributions […]

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FTX seeks to claw back $4B from Genesis in a battle of the bankrupt

DIGIT — Wed, 03 May 2023 23:39:13 +0000

The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.

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Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing

DIGIT — Mon, 01 May 2023 00:29:27 +0000

Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark.

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Binance US Pulls the Plug: Voyager Purchase Deal Falls Through

DIGIT — Tue, 25 Apr 2023 22:19:56 +0000

According to the now-defunct crypto lender Voyager, Binance US sent a letter to the company “terminating the asset purchase agreement.” While the announcement was “disappointing” for Voyager, the firm maintained that its customers would still be receiving their cash and crypto through a “direct distribution” via the Voyager platform. Voyager’s Asset Purchase Agreement With Binance […]

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Voyager’s $1B deal with Binance.US moves forward after deal with Feds

DIGIT — Thu, 20 Apr 2023 04:01:41 +0000

The bankrupt crypto lender struck a deal with the U.S. government and its $1 billion sale of cryptocurrencies to Binance.US has moved forward.

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