2022-9-28 10:57 |
Acquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4 billion. origin »
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The trouble deepens for FTX Series B Investors and the former team of bankrupt lending protocol Celsius as they fight more legal battles. The post Knives out for Celsius and FTX as Separate Actions Accuse Firms of Hyping Projects appeared first on BeInCrypto.
2023-2-16 16:00 | |
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There's no easy way to say this, but current crypto-market conditions can only be described as 'extreme.' In fact, ongoing corrections saw the price of Ether and other cryptocurrencies tumble, with maThe post Terra in May, Celsius in June? Why the heat is on after withdrawals halt, $200M to FTX appeared first on AMBCrypto.
2022-6-13 10:05 | |
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Celsius has been moving more than a quarter of a billion dollars worth of funds from Aave into the FTX exchange for reasons not specified, in addition to suspending withdrawals for users.
2022-6-13 07:01 | |
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Decentralized credit protocol Maple reported that none of the platform users’ positions were liquidated during the Feb. 2 price crashes, resulting in no bad debt. It also reported that users deposited $10 million to reinforce their margins over the period to avoid liquidation events.
NYDIG, Stone Ridge’s subsidiary that offers Bitcoin-backed loans, is preparing to expand its offering through float financing, according to the firm’s 2024 investor letter. The letter rebuts common objections to Bitcoin’s (BTC) utility, suggesting that it can generate cash flow through sales and serve as collateral for fiat loans.
The potential deployment on a Bitcoin layer-2 by the largest DeFi lending protocol highlights the appetite for harnessing the original blockchain for purposes that are commonplace elsewhere in the crypto ecosystem.
DeFi is poised to create a future where financial services are digital, open, always-on, and borderless, says Bill Barhydt, ceo, Abra.
Celsius' bankruptcy administrator has distributed more than $2.53 billion to some 251,000 creditors, it said in its first status report.
The New York Attorney General’s (NYAG) office announced the completion of its settlement with Gemini and the recovery of $50 million for users of the defunct Gemini Earn program on June 14. Users will receive the crypto in their accounts without having to take any further action.
Blockchain security firm Cyvers Alert reported a significant exploit on the DeFi lending protocol UwU Lend, which resulted in an approximately $19. 5 million loss. The attacker funded their wallet via the sanctioned crypto mixer Tornado Cash.