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
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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
Solana DeFi project Friktion shuts down its user platform
Friktion is urging its customers to withdraw assets from the protocol, as the front-end shuts down. Go to Source Powered by WPeMatico
New ‘Celsius token’ may be used to repay creditors: report
It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company. Go to Source Powered by WPeMatico
Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months
Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12 months as lending applications like … Read more
Troubled crypto lender Vauld gets extended creditor protection
The company claims that the negotiations with potential crisis managers entered the “advanced stage.” Go to Source Powered by WPeMatico
Nexo sues Cayman Islands financial regulator over VASP license
The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators’ enforcement actions in its decision to deny registration. Go to Source Powered by WPeMatico