Lending News

The company expressed support for creditors who are in mediation with Genesis.

Several creditors recently walked away from an earlier agreement.

The company's bankruptcy is implied in a legal notice but has not been confirmed.

Bankrupt crypto exchange FTX's crypto portfolio rose by roughly $63 million, according to Arkham Intelligence dashboard.

The two companies set up a reserve agreement prior to the latter's bankruptcy.

Simon Lee said that selling Hodlnaut instead of liquidating its assets will help maximize value for its creditors.

January saw the NFT lending sector return to previous ATHs not seen since May 2022.

The company has indicated that it may use the proceeds from additional sales to pay off its debts.

Eligible Celsius users will be able to withdraw 94% of their assets from the platform after updating their KYC and other account information.

A court-appointed independent examiner said Alex Mashinsky profited over $60 million from his sales of Celsius tokens.

The loan repayment freed up over 6000 Bitcoin mining machines Bitfarm had used as collateral.

Celsius creditors said the case must proceed toward a resolution as it has been around eight months since the firm paused withdrawals.

SALT Lending is focusing on growth and will seek to raise additional funds in a second funding round later this year.

Despite considering itself an "excellent product" and having "enough runway," Everlend said it would be a "gamble" to move forward.

Celsius' examiner report claimed Tether had over $2 billion Celsius exposure and was an "existential threat" to the lender's financial health.

The Bitcoin miner restructured its debt with its creditors, giving it more time to repay and further opportunities to reduce its debt burden.

TrueFi, Maple Finance, Goldfinch, and Centrifuge collected the third, fourth, seventh, and tenth largest sum in interest, respectively.

The company's plans must still be approved by courts and creditors.