Lending is a type of financial relationships between two parties: the lender and the borrower. The lender provides a loan of money or some other item for temporary use while borrower uses the provided loan under the conditions that guarantee its refund. Usually, lending is a services provided by financial establishments, although there is also peer-to-peer — i.e., person-to-person — lending that means that individuals do not use any kind of intermediary. This kind of p2p lending removes the middleman from the process. However, it takes more time and carries more risk. Lately, there has also appeared the possibility of online lending, including Bitcoin lending platforms. As cryptocurrency has grown in terms of price and popularity, Bitcoin lending sites provide more and more services for lending Bitcoin and other cryptocurrency.
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan.
Genesis unsecured creditors’ committee appointed
With FTX’s ripple effect on market liquidity, Everlend is closing its doors and urging clients to withdraw funds.
Solana DeFi protocol Everlend shuts down over liquidity issues
An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield.
BonqDAO protocol suffers $120M loss after oracle hack
How to crypto
Solend is a DeFi lending and borrowing protocol on Solana, noted for its high scalability and composability.
What is Solend and how does it work
The court-appointed examiner found many intentional and unintentional shortcomings at the bankrupt crypto lender dating back to its founding.
Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius
Many Gemini Earn users reportedly claimed assets in their accounts had been protected by the Federal Deposit Insurance Corporation.
New York financial regulator investigates Gemini over FDIC claims: Report
The new version includes features developers believe will increase capital efficiency and lower gas fees.
Aave deploys v3 on Ethereum after 10 months of testing on other networks