Lending
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The remaining 90% of customer funds will be locked and cannot be withdrawn, traded or used as collateral until further notice.
Monica Noronha 3 min read
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Legal
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.
Lending
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.
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Legal
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.
Exchanges
Embattled exchange CoinFLEX sues Roger Ver for $84 million
CoinFLEX alleges the debt owed by Roger Ver has almost doubled since first being reported. Stakeholders, including the SmartBCH Foundation, are closely monitoring to ensure the interests of all involved are being protected.
Legal
Celsius gets sued amidst Ponzi scheme allegations
KeyFi CEO alleged that Celsius has refused to honor the terms of a contract between both firms as regards profit sharing.
Lending
Celsius Network continues to make moves, prompting calls to resume withdrawals
Troubled crypto lender Celsius has been on a debt repayment spree the last few days further suggesting the platform doesn't intend to file bankruptcy.
Bear Market
Voyager users unlikely to recover 100% of funds
Voyager account holders could be repaid with their crypto holdings, stocks, VGX, and the debt from Three Arrows.
Lending
BlockFi confirms it holds 50% of client funds in short-term positions with 10% in collateral
The crypto lending firm confirmed it holds similar collateral levels to fractional reserve banking while showcasing its ability to deliver for clients with 100% access to funds
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Lending
Coinbase-backed Vauld becomes the latest crypto lender to pause withdrawals
Lending
Nexo claims “smear campaign” ignores its attempts to aid insolvent companies
Lending
BnkToTheFuture proposes 3 methods to solve Celsius Network’s liquidity issues
Exchanges
