Celsius selects NovaWulf as sponsor for its bankruptcy plan
For its proposed Chapter 11 bankruptcy restructuring plan, insolvent cryptocurrency lender Celsius Network has selected NovaWulf Digital Management as the sponsor. On February 15, Celsius filed a document with the United States Bankruptcy Court for the Southern District of New York outlining the strategy. The Celsius Official Committee of Unsecured Creditors (UCC), a group that […]
SALT Lending returns with $64.4m capital raise
SALT Lending, a platform for crypto loans, has completed a $64.4 million Series A investment round by selling shares to approved buyers. The company is concentrating on growth and will look for more money in a second investment round later this year. Genesis, BlockFi, Voyageur Digital, and Celsius Network are just a few of the […]
BlockFi to reportedly sell $160M in miner-backed loans
Insolvent cryptocurrency lending company BlockFi reportedly intends to auction off $160 million in Bitcoin miner-backed loans with the deadline for bidders to submit offers for the loans set for Jan. 24. According to two “familiar with the situation” sources quoted in a Bloomberg article from January 24, BlockFi began the process of disposing of the […]
Genesis Global files for bankruptcy
Following the demise of the cryptocurrency exchange FTX, other businesses in the crypto space have also filed for Chapter 11 bankruptcy protection with the most recent being crypto lender Genesis global. Since the demise of the cryptocurrency exchange FTX, Genesis has seen significant withdrawals and significant liquidity problems. Genesis also has $175 million of its […]
Crypto lender Vauld gets extended creditor protection
A Singapore court once again extends the term of creditor protection to the troubled cryptocurrency lending platform Vauld. The lender was given more than one month to develop a resurrection strategy. Vauld has been given more than a month to conclude discussions with one of two digital-asset fund managers to assume executive management of the […]