News on popular crypto lending and borrowing companies such as Cred, BlockFi, Compound, and Crypto.com.
Maple Finance launches $300M lending pool for Bitcoin mining firms
The lending pool is open to mid-sized bitcoin mining providers. Real-world assets will be required for the loan which is repayable over a 12-18 months period.
Bankrupt crypto lender Voyager set to auction off its assets on Sept. 13
Voyager said it had received multiplied bids from over 22 parties interested in buying up its assets.
Celsius wants to return $210 million worth of custody assets
The firm has filed a petition to allow eligible customers to withdraw assets from its custody program and Withhold accounts.
Zipmex enables up to $153 worth of ETH withdrawals
The lender, which returned all SOL, XRP and ADA tokens to users over the past week, will allow withdrawal of up to 0.0045 BTC from Aug. 16.
Virginia pension funds invest in crypto yield farming despite recent turmoil
Despite the recent liquidity crisis among several crypto lenders, the Fairfax county pension funds expect to earn "attractive yields."
Zipmex aims to slowly reinstate withdrawals of certain altcoins
Zipmex said that it is working to recover funds from Babel Finance and has signed a MOU with two investors to fully re-enable withdrawals.
GHO Stablecoin to be launched as Aave DAO gives a 99.9% approval
Aave DAO gives development team the greenlight to launch its decentralized stablecoin GHO. Aave users will mint the stablecoin against their supplied collateral.
Vauld gets three-month moratorium from Singapore High Court for protection against creditors
The court has asked Vauld to share cash flow and management of accounts details with creditors within two and eight weeks respectively.
Celsius reveals customer data breach by vendor’s employee
Celsius has downplayed the extent of the breach, saying its systems and security was not impacted.
BlockFi has $1.8B in outstanding loans, $600M of which are uncollateralized
BlockFi's quarterly transparency report revealed the company has $1.8 billion in outstanding loans to clients and that it was able to return at least 50% of the total amounts due to clients in less than 7 days.
Nexo has a crypto card that lets you spend without selling your assets
The card is linked to Nexo's crypto Credit Lines, and using digital assets as collateral enables users to make fiat payments at over 90 million Mastercard merchants.
Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes
Invictus Capital ousted its founder and allegedly moved investors' funds into UST and Celsius and refused to exit positions.
Celsius has maintained a positive tone despite filing a Chapter 11 bankruptcy claim on July 13.
CoinFLEX to enable 10% withdrawals from July 15
The remaining 90% of customer funds will be locked and cannot be withdrawn, traded or used as collateral until further notice.
Celsius officially declares bankruptcy after paying down DeFi loans
Celsius has officially filed for Chapter 11 Bankruptcy after it pays off its DeFi loans on Aave, Compound, and Maker.
Celsius unlocks another $195 million in collateral after paying off debt to Compound
Amid its ongoing liquidity crisis, Celsius has paid off its debt to Compound of over $50 million, reclaiming 10,000 WBTC.
Vermont joins multistate investigation into Celsius
State authorities in Texas, Alabama, and Vermont are investigating the operations of crypto lending firms like Celsius over offering unregistered securities.