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3232Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues
https://www.digit.info/gemini-forms-creditors-committee-with-houlihan-lokey-to-resolve-genesis-liquidity-issues/
Sun, 18 Dec 2022 19:00:08 +0000https://www.digit.info/2022/12/18/gemini-forms-creditors-committee-with-houlihan-lokey-to-resolve-genesis-liquidity-issues/Read more]]>Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn program’s withdrawals, Cameron Winklevoss tweeted that it has […]
]]>A Crypto Rewards Platform That Promised 40% APY Halts Withdrawals, Citing ‘Market Fluctuations’
https://www.digit.info/a-crypto-rewards-platform-that-promised-40-apy-halts-withdrawals-citing-market-fluctuations/
Mon, 24 Oct 2022 16:00:30 +0000https://www.digit.info/2022/10/24/a-crypto-rewards-platform-that-promised-40-apy-halts-withdrawals-citing-market-fluctuations/Read more]]>A crypto rewards platform called Freeway.io has notified users that it decided to reallocate capital in order to “manage exposure to future market fluctuations and volatility.” In doing so, users are unable to withdraw funds from the platform, and the Freeway team explained that amid the reallocation process, the team could not comment further. Crypto […]
]]>FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
https://www.digit.info/ftx-ceo-sam-bankman-fried-warns-more-crypto-company-insolvencies-are-coming/
Wed, 29 Jun 2022 14:00:12 +0000https://www.digit.info/2022/06/29/ftx-ceo-sam-bankman-fried-warns-more-crypto-company-insolvencies-are-coming/Read more]]>In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old billionaire says sometimes you have to do “what it takes to sort of stabilize things […]
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn program’s withdrawals, Cameron Winklevoss tweeted that it has […]
A crypto rewards platform called Freeway.io has notified users that it decided to reallocate capital in order to “manage exposure to future market fluctuations and volatility.” In doing so, users are unable to withdraw funds from the platform, and the Freeway team explained that amid the reallocation process, the team could not comment further. Crypto […]
In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old billionaire says sometimes you have to do “what it takes to sort of stabilize things […]