Voyager users might not get all of their funds back because the crypto lending company has declared bankruptcy, Bloomberg News reported. According to the filing, Voyager expects its users’ funds to be impaired during bankruptcy. Account holders are unlikely to get a full refund of their deposits because the company could be restructured or sold….
A British Virgin Islands Court has ordered the liquidation of Three Arrows Capital (3AC), plunging the crypto hedge fund into a deeper crisis, Sky News reported. According to the report, Teneo Restructuring has been mandated to handle 3AC’s restructuring. Earlier in the week Voyager Digital issued 3AC with a notice of default after failing to…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Maple Finance joined the growing list of crypto lending platforms facing liquidity challenges after announcing on June 21 that there might be insufficient cash in its pools. The DeFi protocol for institutional borrowers and lenders published an update saying ‘lenders must…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! FTX CEO and founder Sam Bankman-Fried (SBF) said the downturn in the crypto market is driven by the aggressive rate hikes introduced by the U.S. Federal Reserve to counter the rising inflation, he said during an interview with NPR. SBF said…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! MakerDAO has announced the removal of the leading lending platform, Aave, as one of those with direct deposit module (D3M) access to its lending pool. The decentralized organization has decided to protect its protocol in case the ongoing Celsius crisis affects the…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A Twitter thread by Danny Yuan, the head of crypto trading at 8Blocks Capital, has raised new allegations against the embattled crypto hedge fund, Three Arrows Capital(3AC). According to Yuan, Three Arrows used $1 million of his company’s fund to answer…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto lending firm Celsius has been racing to top up its collateral on Maker to raise its assets’ liquidation price. The company added just over 2,000 Wrapped Bitcoin (WBTC) to its collateral on June 14, depositing 1,501.77 WBTC and 499.99 WBTC…
Celsius CEO Alex Mashinsky announces self-insurance for all its users’ coins Crypto banking and financial services platform Celsius Network (CEL) plans to self-insure its users’ funds against unforeseeable losses, its co-founder and CEO Alex Mashinsky announced on Twitter today. 2 min read →