crypto lender

Crypto lender Nexo AG on Wednesday said it filed a lawsuit against the Republic of Bulgaria for more than $3 billion for "wrongful and politically motivated actions" against its employees. The lawsuit, filed at the International Centre for Settlement of Investment...

The U.S. government said the bankruptcy plan by Genesis haf material changes and they should be reviewed again by the company. What Happened: Crypto lender Genesis indicated in its updated bankruptcy plan that it now planned to liquidate assets and not sell them or...

Gemini Trust Co., a leading cryptocurrency platform, has initiated legal action against the now-insolvent crypto lender, Genesis Global Holdco LLC. The litigation revolves around the rightful ownership of Grayscale Bitcoin Trust shares, currently valued at nearly $1.6 billion, Bloomberg reported....

The potential successor to the defunct cryptocurrency lender, Celsius (CRYPTO: CEL) revealed its intentions to restart the business without any funded debt and with an initial funding of up to $450 million in cryptocurrency, contingent upon court approval. This information was disclosed in a...

Bankrupt crypto lender Celsius (CRYPTO: CEL) sought approval regarding the distribution of funds from its sale of the self-custody platform GK8. On July 17, the debtors of the Celsius Network filed a document stating that its Series B holders have reached a consensus to distribute $25 million from...

In a major development, Alexander Mashinsky, the founder and former CEO of Celsius Network (CRYPTO: CEL), has been arrested on charges of securities fraud, commodities fraud and wire fraud. What Happened: The charges, brought forth by the United States Attorney for the Southern District...

The former CEO and co-founder of the now-defunct cryptocurrency lender Celsius (CRYPTO: CEL), Alex Mashinsky, was taken into custody on Thursday. This arrest comes in the wake of a Department of Justice inquiry into the downfall of the company, Bloomberg reported, quoting sources. The...

The Commodity Futures Trading Commission (CFTC) has found that the now-defunct crypto lender Celsius Network (CRYPTO: CEL) and its previous CEO, Alex Mashinsky, violated U.S. regulations prior to the company's collapse. If the CFTC's commissioners concur with these findings, a lawsuit could...

The U.S. Securities and Exchange Commission (SEC) consented to defer the collection of a $30 million fine from the insolvent crypto lending platform BlockFi until such time as the investors have been reimbursed. What Happened: Initially, BlockFi was under obligation to pay a $50 million penalty to...

Cryptocurrency consortium Fahrenheit won the auction for bankrupt lender Celsius Network (CRYPTO: CEL). The consortium is required to secure the deal with a $10 million deposit within the next three days, as per the court documents filed early Thursday morning. Previous evaluations had estimated...

Crypto lending platform Celsius (CRYPTO: CEL) is seeking to consolidate its U.K. and U..S entities amid allegations the distinction between the two was a "sham." The embattled cryptocurrency company is the latest to be accused of poor record-keeping within its corporate structure,...

Voyager Digital (OTC: VYGVQ) was caught off guard when Binance.US abruptly backed out of a $1 billion deal to purchase its assets, citing an "uncertain regulatory climate" in the U.S. According to Voyager's attorneys, Binance.US had expressed interest in closing the transaction...

Cryptocurrency exchange FTX (CRYPTO: FTT) has agreed to sell its crypto-derivatives platform, LedgerX, to the owner of Miami International Securities Exchange (MIAX) for about $50 million. The sale of LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s former empire, will give...

Cryptocurrency lender Amber Group is considering options for its Japanese unit, which may include a possible sale, according to Managing Partner Annabelle Huang. Huang revealed the firm's evaluation of the Japan operation is part of a strategic decision to shift its focus...

A New York judge stated on Friday that the U.S. government possesses a "considerable case on the merits" in its effort to halt Binance.US's $1 billion acquisition of the assets of insolvent cryptocurrency lender Voyager. District Judge Jennifer Rearden expressed her intention to...