SEC waives BlockFi’s $30M fine until creditors are paid
The U.S. SEC was at the top of BlockFi creditor’s list with a $30 million settlement balance from February 2022. Go to Source Powered by WPeMatico
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Crypto lender Delio to resume withdrawals after counterparty contagion
“We will come up with a plan to recover the loss,” said company officials. Go to Source Powered by WPeMatico
Cosmos-based DeFi lending protocol Nolus joins Cointelegraph Accelerator
Nolus’ DeFi lending protocol aims to onboard more people by solving collateralization inefficiencies. Go to Source Powered by WPeMatico
BlockFi used customer money to buy $30M insurance, creditors claim
BlockFi said selling its cryptocurrency lending platform might not generate value for creditors. Go to Source Powered by WPeMatico
Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch. Go to Source Powered by WPeMatico
Eligible Celsius users can withdraw all ‘Distributable Custody Assets’ following court approval
Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds. Go to Source Powered by WPeMatico
Mashinsky files motion to dismiss NY AG suits, says it ‘parrots misinformation’
Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about his company, among other things. Go to Source Powered by WPeMatico
ByBit joins crypto exchanges offering crypto lending services
Dubai-based cryptocurrency exchange ByBit rolls out cryptocurrency lending service, joining a handful of major exchanges that offer interest-bearing lending facilities. Go to Source Powered by WPeMatico
Blur introduces NFT perpetual lending protocol
Borrowing positions automatically roll their expiry, and can be refinanced should one party unilaterally decide to terminate. Go to Source Powered by WPeMatico
Majority of creditors want Hodlnaut liquidated
Only 2.42% of claimants favor restructuring, and they are almost exclusively company directors. Withdrawals were frozen in August. Go to Source Powered by WPeMatico