Islamic nations are adopting crypto. However, are all aspects of crypto Halal?

So much has been going on with embattled crypto lender Celsius. Here are some updates detailing the activities of its Top Execs and what the future holds for the lending platform.

Crypto lender, Ledn, has initiated an acquisition process for Arxnovum Investments Inc., a regulated Canadian digital asset investment manager. The acquisition will enable Ledn to serve more accredited clients.

A new court record reveals that the top three executives of the now defunct crypto lending platform, Celsius, withdrew about $56.2 million before the company halted withdrawals and filed for bankruptcy.

S. Daniel Leon, Celsius’ Co-Founder, resigned from his position as Chief Strategy Officer via an internal memo.

Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.

Euler Finance will now be accepting USDT as collateral for loans. The proposal, supported by 88% of the voters, has made Euler the largest Ethereum-driven lending protocol that allows users to take loans with USDT.

Matrixport signed a $50M insurance policy with Lloyd Syndicate to protect itself from any liquidity issues that may arise due to the crypto winter.

Addressing Simon Dixon's Tweets, Sam Bankman-Fried disclosed how FTX would place bids on Celsius’ Assets.

A Financial Times report revealed that Alex Mashinsky, former CEO of Celsius, withdrew $10 million shortly before freezing clients' funds in June. His representative claims the withdrawal was used for tax settlements.

Celsius filed a notice to auction its retail assets and exit Chapter 11 bankruptcy. According to sources, FTX has set its sights on acquiring Celsius' assets.

The Unsecured Creditor Committee (UCC) is moving to counter the motion to set up another committee to represent equity holders.

According to sources, Sam Bankman-Fried, CEO of FTX, is considering bidding on crypto lender Celsius’ assets to bail the latter out of bankruptcy.

Nexo purchased a stake in Hulett Bancorp, a holding that owns Summit National Bank, with Nexo’s Co-Founder and Managing Partner Kalin Metodiev being appointed a board member of the bank.

Alex Mashinsky, CEO of defunct crypto lender, Celsius Network, has submitted his resignation letter. He will be stepping down immediately as the CEO but will still maintain his direct position as the company's founder.

According to CoinLoan’s mid-year report, the lending firm has seen an uptrend in its growth metrics despite the ongoing crypto winter.

An e-commerce site, usastrong.io, founded by the wife of Celsius CEO, Krissy Machinsky, now sells T-shirts branded “Unbankrupt Yourself.” This has raised reactions across social media as users think it is insensitive.

In a recent court filing, Voyager requested trading firm Alameda Research to repay its $200M outstanding loan by September 30.

FTX submitted the highest offer to purchase Voyager Digital’s assets by outbidding Wave Financial in an auction that began earlier this week.

Celsius Network filed a request to sell its stablecoin assets in order to acquire funds for its operations.

Algorand Foundation revealed it has a $35M USDC exposure to Hodlnaut. However, Algorand's short-term deposits are currently locked in Hodlanut as the latter halted all token swaps and withdrawals in August.

Nexo released its all-in-one crypto trading platform, Nexo Pro, to provide spot, margin, and futures trading services to its users.

The defunct crypto lender announced that it is making moves to pay holders of certain accounts. The proceeding will be held on 14 September, so until then, affected users will have to keep their fingers crossed.

Voyager's native token, VGX, saw a sudden rise as its value surges by over 125% within 24 hours while rumors of the platform's buyout begin to circulate. 

CoinLoan is saying thank you to its customers for five years of patronage by releasing a limited number of special edition NFTs.

In a recent bankruptcy hearing call, Chris Ferraro, Celsius’ CFO, assures investors that the platform has enough funds to last until the end of 2022. 

Crypto lending platform Hodlnaut reveals the company has police proceedings with the Singapore Attorney-General and the Singapore Police Force.

Michael Moro, CEO of crypto lending platform Genesis, steps down from his leadership position and instead shifts to an advisory role. The platform also slashes 20% of its staff as it suffers from the fallout of Three Arrows Capital's collapse.

Brazilian crypto lending company, BlueBenx halts all crypto withdrawals after a recent hack.

Crypto lending giant, Genesis, reveals that loans dropped from $14.6 billion in Q1 to $4.9 billion in Q2, leading to a 66% drop.

Blockchain development firms Infura and Alchemy are the latest companies to block Tornado Cash after the U.S. Treasury banned the platform and all its services.

This press release gives insight into the customer satisfaction level across various facets of the exchange's services.