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Lending News

News on popular crypto lending and borrowing companies such as Cred, BlockFi, Compound, and Crypto.com.

Nexo has a crypto card that lets you spend without selling your assets

News Desk · 2 days ago · 3 min read

Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes

Liam 'Akiba' Wright · 2 days ago · 8 min read

Celsius terms of use do not guarantee return of customers’ funds

Celsius has maintained a positive tone despite filing a Chapter 11 bankruptcy claim on July 13.

Oluwapelumi Adejumo · 6 days ago · 2 min read

CoinFLEX to enable 10% withdrawals from July 15

The remaining 90% of customer funds will be locked and cannot be withdrawn, traded or used as collateral until further notice.

Monica Noronha · 6 days ago · 2 min read

Celsius officially declares bankruptcy after paying down DeFi loans

Celsius has officially filed for Chapter 11 Bankruptcy after it pays off its DeFi loans on Aave, Compound, and Maker.

Liam 'Akiba' Wright · 7 days ago · 1 min read

Celsius unlocks another $195 million in collateral after paying off debt to Compound

Amid its ongoing liquidity crisis, Celsius has paid off its debt to Compound of over $50 million, reclaiming 10,000 WBTC.

Monica Noronha · 1 week ago · 1 min read

Vermont joins multistate investigation into Celsius

State authorities in Texas, Alabama, and Vermont are investigating the operations of crypto lending firms like Celsius over offering unregistered securities.

Oluwapelumi Adejumo · 1 week ago · 2 min read

Embattled exchange CoinFLEX sues Roger Ver for $84 million

CoinFLEX alleges the debt owed by Roger Ver has almost doubled since first being reported. Stakeholders, including the SmartBCH Foundation, are closely monitoring to ensure the interests of all involved are being protected.

Samuel Wan · 1 week ago · 3 min read

Celsius gets sued amidst Ponzi scheme allegations

KeyFi CEO alleged that Celsius has refused to honor the terms of a contract between both firms as regards profit sharing.

Oluwapelumi Adejumo · 2 weeks ago · 3 min read

Celsius Network continues to make moves, prompting calls to resume withdrawals

Troubled crypto lender Celsius has been on a debt repayment spree the last few days further suggesting the platform doesn't intend to file bankruptcy.

Samuel Wan · 2 weeks ago · 2 min read

Voyager users unlikely to recover 100% of funds

Voyager account holders could be repaid with their crypto holdings, stocks, VGX, and the debt from Three Arrows.

Oluwapelumi Adejumo · 2 weeks ago · 2 min read

BlockFi confirms it holds 50% of client funds in short-term positions with 10% in collateral

The crypto lending firm confirmed it holds similar collateral levels to fractional reserve banking while showcasing its ability to deliver for clients with 100% access to funds

Liam 'Akiba' Wright · 2 weeks ago · 3 min read

Coinbase-backed Vauld becomes the latest crypto lender to pause withdrawals

Vauld had previously said it had no exposure to the "crypto contagion" and was sufficiently liquid. However, it now announces a pause on withdrawals and the possibility of restructuring.

Samuel Wan · 2 weeks ago · 2 min read

Nexo claims “smear campaign” ignores its attempts to aid insolvent companies

Nexo has raised its insurance to $775 milliln and is negotiating with potentially insolvent crypto companies to help provide liquidity amid "smear campaign."

Liam 'Akiba' Wright · 3 weeks ago · 2 min read