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Michael Egorov, the co-founder of Curve Finance, has completely settled his debt on Aave after depositing 68 million CRV, equivalent to approximately $35 million, to Silo. Egorov withdrew 10.7 million of crvUSD, Curve’s decentralized stablecoin, from the non-custodial lending protocol following his CRV deposit, according to on-chain analytics provider, Lookonchain. After
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Michael Egorov is under liquidation pressure following the CRV’s recent price drop and Curve exploit. Source
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Blockchain.com has, however, disputed the claims by the CoinFLEX exchange, citing that there are no documentations or on-chain data to support the argument. A Singapore-based law firm, Nine Yards Chambers LLC, has claimed that Blockchain.com – a veteran crypto firm – has failed to repay $4.3 million in FLEX coins
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Cash Cloud, the operator of Coin Cloud digital currency automatic teller machines (ATMs) in the United States and Brazil, filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of Nevada on Feb. 7. According to its filing, the company has liabilities between $100 million and $500 million, with
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The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street Journal (WSJ), and more. U.S.
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Among those listed are media companies like the Wall Street Journal, Fortune, Fox Broadcasting and CryptoX as well as big crypto names like exchanges Coinbase and Binance. American, Spirit and Southwest airlines, as well as Stanford University – where FTX founder Sam Bankman-Fried's parents work as professors – and its
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The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion. Source
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
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Cryptocurrency broker Genesis Global Trading allegedly owes its creditors more than $3 billion, according to a Jan. 12 report from the Financial Times. Its parent, the Digital Currency Group (DCG), which also owns Grayscale Investments and its series of digital asset trusts, seeks to sell part of its venture capital
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