The majority of the 6,376 mining rigs BlockFi sold to U.S. Farms & Mining are Bitmain Antminers, according to a previous filing. They are spread across the U.S. in Texas, Georgia, Kentucky and North Dakota, although the company also has some in Norway. About 400 of the machines had come 4.7MBankruptBlockFiCryptoGoAheadLenderMiningRigsSale Read More
Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday.
Despite the Silicon Bank exposure, a BlockFi bankruptcy lawyer maintains that the digital asset lender is safe and in no immediate danger. The lawyer, Christine Okike, stated that the embattled New Jersey-based company also AssetsAttorneyBankBankruptcyBlockFiCrisisDescribesDigitalLenderSafeSiliconValley Read More
Crypto lender Celsius Network, which is currently operating under bankruptcy protection, has established a crypto wallet with $25 million of digital assets for Celsius’ custodial account holders to withdraw, blockchain intelligence firm Arkham Intelligence said in a report.
Source 25M500MAccountAllocatesBitcoinBurnsCelsiusCryptoCustodyEmbattledLenderNetworkWithdrawalsWrapped Read More
Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said
Source CelsiusContinueCryptoDealExclusiveJudgeLenderNovaWulfPursue Read More
An alleged ethical hacker has drained $1.59 million from the decentralized finance (DeFi) lending platform Tender.fi, leading the service to halt borrowing while it attempts to recoup its assets.Web3-focused smart contract auditor CertiK, and blockchain analyst Lookonchain, flagged an exploit that saw funds drained from the DeFi lending protocol on DeFiExploitHackerHatLenderSuffersSuspectedTender.fiWhite Read More
Celsius secured approval to process certain withdrawals according to several U.S. court orders in January. In February, Celsius published a list of names of users who could withdraw assets locked on the platform, with the company saying at the time it had permission from the New York bankruptcy court to AccountsCelsiusCryptoCustodyLenderOpensWithdrawals Read More
The document dated May 13, 2022, gave Three Arrows Capital's NAV as just under $2.4 billion. The fund filed for Chapter 15 bankruptcy in New York on July 1. The call took place Feb. 28, 2022, and lasted either 30 minutes, according to Voyager Chief Commercial Officer Jon Brosnahan, or ArrowsCapitalCryptoFundHedgeLenderReceivedSinglePagestatementVoyager Read More
A majority of the company's creditors also voted to opt their claims into a "wind-down entity," according to a breakdown of votes included in a declaration by Stretto director Leticia Sanchez. In that tabulation, 65% of Class 3 Ballots, referring to account holder claims, voted to opt-in, while 85% of BinanceCryptocustomersLenderMajorityPlanRestructuringVotedVoyager Read More
The North American Securities Administrators Association and the U.S. Securities Exchange Commission already announced in January that a settlement had been reached.
Source 22.5MBitcoinCryptocryptoexchangeExchangesJoinsLenderMultistateNexoOhioSettlement Read More
LQTY, the native token of stablecoin lender Liquidity, has risen by 35% after being listed on Binance's innovation zone.
Original Source BinanceLenderLiquity039sListingRisesStablecoinToken Read More