Voyager to Hold Onto $445M of Alameda Loan Repayments Pending Court Order or Settlement
FTX's trading arm filed suit in January to recover the loan repayments made before its own bankruptcy filing. Source
Read More
loan
MakerDAO voting on $100M loan participation with Florida commercial bank
Crypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized finance (DeFi) and traditional finance. As per MakerDAO’s governance forum, Cogent Bank — a Florida-based commercial bank — is proposing to participate with $100 million in loans to MakerDAO’s
Read More
Platypus DeFi faces flash loan attack, according to CertiK
Blockchain security firm CertiK has reported a flash loan attack on Avalanche-based stable swap platform Platypus DeFi. The blockchain security firm posted the news in a tweet, alongside the alleged attacker's contract address.According to CertiK, nearly $8.5 million has been already been moved. As a result, the Platypus USD stablecoin
Read More
Bitfarms settles outstanding loan with BlockFi for $7.75M
Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurrency lender. On Feb. 9, Bitfarms disclosed that it had settled its $21 million debt obligations with BlockFi for a single $7.75 million cash payment. The settlement was reached weeks
Read More
Core Scientific Gets Court Approval to Obtain $70M Debt-servicing Loan
Embattled crypto miner Core Scientific looks to borrow $70 million from creditor B. Riley to offset a previous loan. Core Scientific recently secured permission from a bankruptcy court to take out a sizable loan from one of its biggest creditors. The Southern District of Texas bankruptcy court ruled that the blockchain
Read More
Court permits Core Scientific to borrow $70M to replace existing loan
Core Scientific has received permission from the bankruptcy court for the Southern District of Texas to take out a loan of up to $70 million from investment bank B. Riley, one of the company’s biggest creditors. The loan would be used to pay off the bankrupt Bitcoin miner’s existing debtor-in-possession
Read More
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs – Bitcoin News
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan portfolio will continue to decrease as the
Read More
Alameda Research Files $446M Loan Repayment Lawsuit against Voyager Digital in Ongoing FTX Fallout
Beleaguered crypto trading firm Alameda recently filed a lawsuit against defunct crypto broker Voyager over repaid loans. Defunct crypto trading firm and FTX sister Alameda Research has hit bankrupt crypto broker Voyager Digital with a $446 million lawsuit. As it stands, Alameda seeks to recover the mammoth sum in repaid loans to the
Read More
Bitfarms seeks to modify loan facility with BlockFi as bear market drags on
Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its indebtedness amid the bear market.On Jan. 13, Bitfarm disclosed that it is working with creditors to modify a loan agreement for Backbone Mining Solutions, or
Read More
Bitcoin Miner Bitfarms Looks to Amend BlockFi Loan, Warns of Default
The outsanding $20 million are secured by only $5 million. Original Source
Read More