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Following the loan default, Archblock (formerly TrustToken), which manages relations between lenders and borrowers on TrueFi, will join the liquidation process in an attempt to reclaim assets. At the time, when TrueFi originated the loan to Invictus, Archblock was the sole underwriter of the loan. Original Source
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Hacker proposes to send back stolen MSOL, SOL, and MNGO if Mango Finance promises to pay back bad debt using USDC available in its treasury. Original Source
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Luna Foundation Guard previously promised to repay "small" holders of the UST stablecoin with its remaining reserves. Original Source
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“Please be informed that Lending is no longer supported in your jurisdiction. For this reason, we are required to cancel your current loans,” the exchange told two customers, one French, one German, via emails reviewed by CoinDesk. Neither had lending accounts open with the company, they said. Source
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Cream Finance is a decentralized finance protocol to repay users for the flash loan hack on its platform. The hack of nearly $19 million occurred on Aug 30, 2021. Cream Finance puts news of a post-mortem to the massive exploitation of the AMP flash loan. The protocol promises to repay the
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Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug. 30.Cream has published a post-mortem to the AMP flash loan exploit, promising to replace the stolen Ether (ETH) and Amp (AMP) tokens by allocating 20% of all protocol
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The U.S. Securities and Exchange Commission (SEC) ordered Tierion to pay back investors in its TNT tokens after finding the data verification startup’s $25 million initial coin offering (ICO) violated securities laws.TNT holders and ICO investors who sold their tokens at a loss have 60 days to ask Tierion for
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The head of bitcoin escrow company Volantis pleaded guilty in New York on Thursday to bilking an investor of over $3 million. He also settled parallel commodities fraud charges.Jon Barry Thompson, 49, admitted in Manhattan federal district court that his crypto companies – Volantis Market Making LCC and Volantis Escrow
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On Feb. 12 Iota (MIOTA) suffered an attack targeting its official desktop wallet. The Iota network went offline on the same day, and has remained down since.On March 6, David Sønstebø, the founder of Iota, revealed that he will personally fully repay all 46 victims of last month’s Iota
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Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, is transferring nearly $9 million ($12 million CAD) in assets to EY Canada, the bankruptcy trustee for the now-defunct crypto exchange. Robertson announced the move in a statement on Monday,
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