BlockFi sues Sam Bankman-Fried over shares in Robinhood
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement. Go to Source Powered by WPeMatico
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Moola Market attacker returns most of $9M looted for $500K bounty
The attacker has scored about a half-million dollar “bug bounty” after choosing to return a majority of the cryptocurrency they exploited from the Celo-based lending protocol. Go to Source Powered by WPeMatico
Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
The details of the withdrawal will reportedly be part of upcoming court filings, and it’s possible the founder and former CEO of the crypto platform could be forced to pay it back. Go to Source Powered by WPeMatico
NEXO risks 50% drop due to regulatory pressure and investor concerns
Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify. Go to Source Powered by WPeMatico
Nexo ‘surprised’ by state regulators’ actions, says co-founder
Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.” Go to Source Powered by WPeMatico
Celsius Network is bankrupt, so why is CEL price up 4,000% in two months?
Takeover rumors and an ongoing short squeeze help CEL price rally but is there enough momentum for more upside? Go to Source Powered by WPeMatico
California regulator investigating crypto interest accounts
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager. Go to Source Powered by WPeMatico
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore Vauld’s Acquisition Singapore-based crypto lending and trading platform Vauld, which announced suspension of withdrawals and other … Read more
Celsius token CEL rises 300% in one week amid a GameStop-like ‘short squeeze’ event
The crypto lending platform’s Insolvency risks puts CEL price at risk of a 70% drop. Go to Source Powered by WPeMatico
Crypto lending platform Babel Finance reaches counterparty debt agreement
The firm emphasized that it will “actively fulfill its legal responsibilities to customers and strive to avoid further transmission and diffusion of liquidity risks.” Go to Source Powered by WPeMatico
