Binance, FTX make top bids for bankrupt crypto lender Voyager: WSJ

BENGALURU – Crypto exchanges Binance and FTX have come up with the leading bids for assets of bankrupt crypto lender Voyager Digital, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Binance’s bid is about US$50 million (S$70.5 million), slightly higher than the competing bid from FTX, the report said. Both […]

Crypto lender Hodlnaut applies for judicial management to avoid forced liquidation of its business

SINGAPORE – Beleaguered crypto lender Hodlnaut on Saturday (Aug 13) filed an application with the High Court to be placed under judicial management, the company announced in a statement on Tuesday. It added that judicial management would provide the best chance of recovery. “We are aiming to avoid a forced liquidation of our assets as […]

Ripple Labs eyeing bankrupt crypto lender Celsius’ assets

WASHINGTON (REUTERS) – Blockchain payments company Ripple Labs, which is embroiled in a high-profile battle with the US securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesman. “We are interested in learning about Celsius and its assets, and whether any could be relevant to our […]

Crypto lender BlockFi stops accepting Grayscale Bitcoin Trust as collateral

SAN FRANCISCO (BLOOMBERG) – BlockFi unwound its positions in the Grayscale Bitcoin Trust (GBTC) as collateral and stopped accepting shares of the investment fund as collateral, according to a person with knowledge of the matter. The crypto lender will evaluate the use of Grayscale as collateral in the future. The move shows how the collapse […]

S’pore-based crypto lender Vauld in talks to be bought after freezing withdrawals

MUMBAI (BLOOMBERG) – Crypto lender Vauld is in discussions to be bought by rival Nexo¬†after freezing client withdrawals and hiring advisers for a potential restructuring. Nexo is conducting a 60-day due diligence process on Singapore-based Vauld, Nexo co-founder Antoni Trenchev said in an interview. Vauld said on Monday (July 4) that it had suspended withdrawals, […]