Lending News

Volumes at Synthetix surpassed its nearest DEX competitor, but contracting user activity across decentralized exchanges could be a red flag.

BlockFi said selling its cryptocurrency lending platform might not generate value for creditors.

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.

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.

Sotheby’s marketplace will attempt to set itself apart by presenting a range of artists curated by experts from the auction house.

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.

New court filings are pushing to straighten out the issue in a bid to help recover lost funds for customers.

The milestone comes just one day after the protocol's launch on May 1.

Dubai-based cryptocurrency exchange Bybit rolls out cryptocurrency lending service, joining a handful of major exchanges offering interest-bearing lending facilities.

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.

Only 2.42% of claimants favor restructuring, and they are almost exclusively company directors. Withdrawals were frozen in August.

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.

Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022.

The attacker reportedly manipulated the exchange rate between ERC-20 tokens and hTOKENS to steal over $7 million from the protocol.

The Ethereum lending protocol was exploited in a $197 million flash loan attack in March.