Massive Loss For Crypto Lender Hodlnaut in Terra Crash
A court report said that the crypto lender’s directors “played down” how much risk the company had in the Terra ecosystem. A legal report is said to have shown that Hodlnaut lost about $189.7 million because of its exposure to the Terra crash. Bloomberg says that the report, which was written by interim judicial managers […]
New site identifies losses of Celsius Network’s largest customers
Each of the top 10 Celsius clients had a balance of tens of millions of dollars, and as a group, they lost $220 million. A new website has appeared that details the financial losses suffered by Celsius customers as a result of the crypto lender’s insolvency. The website CelsiusNetWorth.com even has a scorecard that displays […]
Kentucky regulators order crypto lender Celsius to stop offering accounts in the state
Kentucky’s securities regulator has ordered big crypto lender Celsius Network to stop issuing interest-bearing accounts in the state on Thursday, the state now joins three other states that took similar action last week. The Kentucky Department of Financial Institutions issued the emergency order after finding that Celsius offered customers unregistered securities in violation of state […]