Hodlnaut founders propose selling the firm instead of liquidation
Despite Hodlnaut creditors insisting on the firm’s liquidation, the founders keep trying to save the business and sell it to potential investors. Go to Source Powered by WPeMatico
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DeFi ‘fragility’ causes and cures explored in highly technical Bank of Canada study
Researchers affiliated with the Canadian central bank identified weak points in DeFi lending protocols and reported on the potential they saw for mitigating them. Go to Source Powered by WPeMatico
MakerDAO voting on $100M loan participation with Florida commercial bank
Florida’s Cogent Bank is proposing a $100 million participation in loans to MakerDAO’s RWA Master Participation Trust. Go to Source Powered by WPeMatico
Crypto lender SALT makes comeback with $64.4 million funding
The crypto lender froze withdrawals in mid November. It will resume operations in Q1 2023 buoyed by a Series A recapitalization. Go to Source Powered by WPeMatico
Hodlnaut works with potential buyers to sell firm and FTX claims: Report
Hodlnaut’s court-appointed judicial managers are reportedly in the process of signing non-disclosure agreements with the potential buyers. Go to Source Powered by WPeMatico
Genesis unsecured creditors’ committee appointed
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan. Go to Source Powered by WPeMatico
Solana DeFi protocol Everlend shuts down over liquidity issues
With FTX’s ripple effect on market liquidity, Everlend is closing its doors and urging clients to withdraw funds. Go to Source Powered by WPeMatico
Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius
The court-appointed examiner found many intentional and unintentional shortcomings at the bankrupt crypto lender dating back to its founding. Go to Source Powered by WPeMatico
New York financial regulator investigates Gemini over FDIC claims: Report
Many Gemini Earn users reportedly claimed assets in their accounts had been protected by the Federal Deposit Insurance Corporation. Go to Source Powered by WPeMatico
Aave deploys V3 on Ethereum after 10 months of testing on other networks
The new version includes features that developers believe will increase capital efficiency and lower gas fees Go to Source Powered by WPeMatico
