Genesis Bankruptcy Jitters Send Bitcoin to Fresh Low

The troubled crypto investment bank is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report.

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Crypto Exchange Zipmex Asks for Creditor Protection Extension With Takeover Talks 'Ongoing'

Troubled cryptocurrency exchange Zipmex remains in talks with an investor over a takeover deal, according to one person familiar with the matter.

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Popular crypto Twitter personality says FTX collapse was a premeditated crime

Adam Cochran revealed in a Twitter post on November 17, 2022, how the troubled FTX CEO Sam Bankman-Fried deliberately mismanaged customer funds which led to the exchange’s collapse. Adam Cochran demystifies the FTX meltdown Adam Cochran, a prominent voice on…

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Bakkt claims to have no financial exposure to troubled crypto firms

Bakkt Holdings has revealed that it has no exposure to FTX, FTT, Alameda, Genesis, or companies that have halted activities due to the ongoing contagion in the crypto markets. The company made this known in a press release on November…

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Tether distances itself from troubled crypto firm, Genesis

Genesis has stopped both debt repayments and new loan issuances, according to a statement from CEO Derar Islim today. The withdrawal requests surpassed the available liquidity at Genesis Global Capital.

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Deribit distances itself from Genesis Global Capital

Deribit crypto trading derivatives exchange has issued statements regarding affiliations with some troubled crypto companies such as Genesis Global Capital, Gemini Earn, etc. Reasons Deribit disengaged from Gemini and Genesis According to a Twitter post on November 16, 2022, from…

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Esports Giant TSM Suspends $210M Partnership with FTX

It’s the latest sponsorship deal to fall through since the troubled crypto exchange’s surprise bankruptcy filing last week.

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Shark Tank’s Kevin O’Leary says he would back SBF again

Despite the current FTX turmoil significantly impacting the crypto craze, some crypto enthusiasts like Kevin O’Leary (Mr. Wonderful) still have faith in the ill-fated company‘s founder.  Why O’Leary still believes in the troubled company According to an interview with Altcoin…

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Troubled FTT investors turn to NFTs as means to recover funds. Decoding...

Prominent crypto voice on Twitter, @0xfoobar, revealed that several FTX users have been buying non-fungible tokens (NFTs). These users have been purchasing NFTs from Bahamian holders to rescue themselThe post Troubled FTT investors turn to NFTs as means to recover funds. Decoding... appeared first on AMBCrypto.

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SERC Regulated MoonXBT Willing to Aid FTX with Emergency Liquidity

FTX is now trying to raise capital to save the troubled exchange after it experienced a liquidity crunch and had seen more than $5 billion in withdrawals for the past few days. According to Sam Bankman-Fried, every penny of the raised capital will go directly to the users.

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Several Investors in Talks for $9.4B FTX Rescue: Report

A group of investors involved in bailout talks for Sam Bankman-Fried's troubled crypto exchange, Reuters says.

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Update: On-chain data suggests FTX has resumed withdrawals

FTX is allowing withdrawals again even as the future of the troubled crypto exchange remains more of an uncertainty. On-chain data on the block explore Etherscan shows withdrawals on FTX were being processed as of 11:30 am ET on Thursday.

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Crypto Exchange FTX Reopens Bahamian Withdrawals: Nansen

Troubled crypto exchange FTX has reopened withdrawals, according to on-chain data provided by Nansen.

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Binance’s Non-Binding Agreement Leaves FTX’s Future Highly Uncertain

Troubled cryptocurrency exchange FTX received a glimmer of hope in the form of Binance signing a non-binding agreement to be acquired by the world’s largest crypto exchange Binance. However, this has left their future hanging in the balance.

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Bitcoin core developer, Jeff Garzik, sides with Binance

Sequel to Binance’s liquidation announcement of its FTX tokens, CZ and Jeff Garzik lends their wisdom to the crypto world. Jeff and Zhao lend their wisdom to the crypto world Following the announcement of a possible Binance buyout of troubled…

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Celsius Debtors Request Court To Block Stablecoin Sales

The committee of unsecured creditors for Celsius is suing the troubled crypto lender once more, this time over its intentions to sell off its stablecoins.

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Binance to Launch Cloud Mining Business in November

The crypto exchange's hashrate pool is pushing into the troubled bitcoin mining industry.

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Hodlnaut Judicial Managers Release Circular to Creditors After Plea to Remove Them

In an update on Oct. 12, the judicial managers of troubled crypto lender Hodlnaut released their sixth circular to creditors. The post Hodlnaut Judicial Managers Release Circular to Creditors After Plea to Remove Them appeared first on BeInCrypto.

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Crypto startup to save iconic fiat money sculpture with 1M euros in funding

The crypto industry is coming to save the troubled “Euro-Skulptur” monument in Frankfurt after traditional banks refused to support the symbol of eurozone decision-making.

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Embattled Crypto Broker Voyager To Sell Assets To Sam Bankman-Fried’s FTX For $1.4B

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Troubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured

The company was financed by Generate Capital, which seized the data-center operator’s assets.

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Celsius Update: Troubled Crypto Lender Finally Releases Periodic Report on Subsidiaries

After complaints from the U.S. Trustee, Celsius Network has finally filed an operating report showing a detailed breakdown of the revenues and expenses of business entities with a substantial or controlling interest. Delays in Filing Report Show a Lack of…

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Algorand Foundation Declares $35M Exposure to Troubled Crypto Lender Hodlnaut

Hodlnaut was placed under Interim Judicial Management in Singapore after suspending withdrawals from its platform in early August.

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VGX, Native Crypto Of Troubled Voyager Platform, Gains 44% Over Last 24 Hours

Voyager (VGX), the crypto exchange platform that declared bankruptcy in July, used to be a force to reckon with in the crypto space. VGX pumps up in price by 44% in the past 24 hours Voyager Digital files notice for public auction of the remainder of its assets  VGX registers a spike in trading volume and social metrics  In fact, VGX, its native token, has soared 10x in a few months following its launch.

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CEL's >30% spike aims to calm chaos but is a $50M appeal the antidote

Troubled crypto lending firm Celsius seems engrossed in fixing its long-standing challenges after being declared insolvent. Yesterday (1 September), the company filed a motion to the bankruptcy court The post CEL's >30% spike aims to calm chaos but is a $50M appeal the antidote appeared first on AMBCrypto.

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Crypto Lender Hodlnaut Placed Under Interim Judicial Management by Singapore Court

Troubled crypto lender Hodlnaut has been placed under interim judicial management in Singapore three weeks after it was forced to freeze withdrawals due to "difficult market conditions".

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Crypto New Casualty – Hodlnaut Sacks 80% Of Personnel Due To Liquidity Crisis

Troubled Crypto lender Hodlnaut has laid off 80% of its employees and filed for judicial intervention in Singapore in a bid to decrease costs and stay afloat. On Friday, Hodlnaut, which offers cryptocurrency investment options in approved institutions with interest, disclosed liquidity issues.

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Hodlnaut Slashes Staff and Faces ‘Proceedings’ by Singapore Authorities

Troubled crypto lender Hodlnaut has fired 80% of its workforce and asked to be placed under judicial management in Singapore. The post Hodlnaut Slashes Staff and Faces ‘Proceedings’ by Singapore Authorities appeared first on BeInCrypto.

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Singapore-based crypto lender Hodlnaut cuts 80% jobs

Hodlnaut, a troubled Singapore-based crypto lender, says it has released 80% of its workforce as it looks to execute a recovery plan after its financial health took a major hit. In a blog post Friday, Hodlnaut said that it has laid off 40 employees (constituting 80% of the staff) since halting withdrawals.

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First Mover Asia: Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again

The price of the troubled crypto lending platform's CEL has been rising, to observers' puzzlement.

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Zipmex gets 3-month protection in Singapore amid halted withdrawals

Troubled crypto exchange Zipmex has time to come up with a restructuring plan by Dec. 2 after halting withdrawals in July.

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India: After WazirX, ED Attaches Assets Worth $46M From Crypto Exchange Vauld

On Thursday, reports underlined that the Indian Enforcement Directorate (ED) blocked bank assets worth Rs 370 crore (around $46 million) that belonged to the troubled crypto exchange Vauld. The post India: After WazirX, ED Attaches Assets Worth $46M From Crypto Exchange Vauld appeared first on BeInCrypto.

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Indian Authorities Freeze Nearly $46M in Assets of Crypto Lender Vauld

Nearly $50 million worth has been frozen by authorities at the troubled crypto exchange, media reports say

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Singapore High Court Grants Vauld 3-Month Moratorium

Troubled crypto lender Vauld has been granted three-month protection from creditors by the High Court of Singapore. The post Singapore High Court Grants Vauld 3-Month Moratorium appeared first on BeInCrypto.

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Troubled Crypto Lender Vauld Granted 3-Month Moratorium by Singapore High Court: Report

Asian crypto lender Vauld has been granted a three-month moratorium by the Singapore High Court to continue to explore its options.

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After weeks of rumors, Thai crypto exchange Zipmex files for debt relief in Singapore

It appears the firm's fortune took a turn to the worst via its exposure to troubled crypto lending service Babel Finance.

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Coinbase Had No Financial Exposure to Troubled Celsius, Three Arrows Capital, Voyager

The crypto exchange denied exposure to the crypto lender and hedge fund that are both seeking bankruptcy protection.

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'Singapore-based' Crypto Firms Leading Market Meltdown Were Not Regulated, Central Bank Chief Says

Troubled "Singapore-based" crypto firms like Three Arrows Capital have little to do with local crypto regulations, said Ravi Menon, managing director of the Monetary Authority of Singapore.

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Why VGX surged by 100% despite Voyager's claims of bankruptcy

In the last few days, VGX, the native token of the troubled crypto brokerage company, Voyager Digital, took on an upward price rally. Surging by over 100% this week, the price uptick came about due toThe post Why VGX surged by 100% despite Voyager's claims of bankruptcy appeared first on AMBCrypto.

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Celsius Owed $439M by Lending Firm EquitiesFirst: Report

Troubled crypto lending firm Celsius is owed $439 million by Indianapolis-based private lending platform EquitiesFirst.

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CoinFLEX Reopens Limited Customer Withdrawals

Troubled crypto exchange CoinFLEX reopened withdrawals today, allowing users to withdraw 10% of their balance. Customers Can Withdraw 10% of Balance After three weeks of suspended services, CoinFLEX will now...

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Celsius Files for Chapter 11 Bankruptcy

The troubled crypto lender, in a statement, says its purpose for the voluntary action is to enable a "comprehensive restructuring plan" that benefits all "stakeholders."

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Celsius Network Files for Chapter 11 Bankruptcy

The troubled crypto lender, in a statement, says its purpose for the voluntary action is to enable a "comprehensive restructuring plan" that benefits all "stakeholders."

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First Mover Asia: M&A Bankers See Crisis as Opportunity, With Celsius and Inflation in Focus

One analyst says "meh" as bitcoin climbs back above $20K, as reports surfaced that the troubled crypto lender Celsius might be teeing up a bankruptcy filing. Mergers & acquisitions bankers are seeing a slew of deals stemming from the current market crisis.

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Celsius Pays Off Last DeFi Loan, Reclaims Nearly $200M of Wrapped Bitcoin From Compound

The troubled crypto lender Celsius has closed its last remaining loan from a DeFi protocol after previously paying off loans on Aave and Maker loan.

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Embattled exchange CoinFLEX sues Roger Ver for $84 million

Troubled crypto exchange CoinFLEX confirmed it had filed legal action in Hong Kong to recover $84 million from Bitcoin Cash (BCH) proponent Roger Ver. The post Embattled exchange CoinFLEX sues Roger Ver for $84 million appeared first on CryptoSlate.

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Crypto Hater Peter Schiff Would Accept Bitcoin as Payment for His Troubled Bank

Crypto hater would sell his bank for Bitcoin if it helps to protect customers

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Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

The troubled crypto lender Celsius paid down a $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. A day earlier, Celsius used a debt-paydown to reclaim collateral on the Maker protocol.

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Troubled Crypto Lending Firms Investigated by Securities Regulators from Texas and Alabama

State securities regulators have started investigating the embattled crypto companies that went underwater during the recent market turmoil

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Former Employee Accuses Celsius of Running a Ponzi Scheme; Files Lawsuit Against the Platform

A former employee of troubled crypto lender Celsius has launched a lawsuit accusing the company of market manipulation and risk management failures. The post Former Employee Accuses Celsius of Running a Ponzi Scheme; Files Lawsuit Against the Platform appeared first on BeInCrypto.

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