Volumes at Synthetix surpassed its nearest DEX competitor, but contracting user activity across decentralized exchanges could be a red flag.
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BlockFi said selling its cryptocurrency lending platform might not generate value for creditors.
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Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch.
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Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds.
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Sotheby’s marketplace will attempt to set itself apart by presenting a range of artists curated by experts from the auction house.
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Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about his company, among other things.
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New court filings are pushing to straighten out the issue in a bid to help recover lost funds for customers.
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The milestone comes just one day after the protocol's launch on May 1.
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Dubai-based cryptocurrency exchange Bybit rolls out cryptocurrency lending service, joining a handful of major exchanges offering interest-bearing lending facilities.
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Cross River Bank is yet to confirm or deny the allegations that it “engaged in the unsafe or unsound banking practices” related to its lending activity in 2021.
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Only 2.42% of claimants favor restructuring, and they are almost exclusively company directors. Withdrawals were frozen in August.
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BlockFi was granted a 48-day extension by a New Jersey bankruptcy judge to submit an exit plan, exploring a potential sale of company assets and restructuring.
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Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022.
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The attacker reportedly manipulated the exchange rate between ERC-20 tokens and hTOKENS to steal over $7 million from the protocol.
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The Ethereum lending protocol was exploited in a $197 million flash loan attack in March.
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