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3AC Bankruptcy

Crypto exchanges
July 7, 2023

Gemini sues DCG for allegedly misleading creditors

Gemini filed a lawsuit against Digital Currency Group and its CEO Barry Silbert over allegations of deceiving investors into lending crypto and fiat assets to Genesis.
Crypto regulation
February 8, 2023

3AC co-founder accused of stonewalling investigation into the firm

3AC’s liquidators accused Kyle Davies of disrupting investigations into the firm by dodging subpoenas from the court.
Crypto lending
February 1, 2023

Tether CTO denies allegations of borrowing from Celsius

Paolo Ardoino, the Chief Technology Officer of Tether, denied reports about Tether receiving loans from Celsius. 
Opinion
January 25, 2023

What happened to the crypto lending industry in 2022?

The year 2022 was riddled with crypto platform crashes. This article takes a deep dive into what the future holds for crypto lending and how crypto staking can be an alternative form of investment in the meantime.
Crypto lending
January 20, 2023

Genesis Global Capital Files For Bankruptcy Protection

Genesis Global Capital filed for chapter 11 bankruptcy following a liquidity crisis caused by the collapse of Three Arrows Capital and FTX.
Crypto lending
January 13, 2023

Hodlnaut’s Creditors Reject Restructuring Plan

Hodlnaut's creditors have rejected its restructuring plan. They instead seek to liquidate the firm’s assets.
Crypto exchanges
January 12, 2023

Blockchain.com Reduces Its Workforce By 28%

Blockchain.com slashed its workforce by 28% to reduce expenses amidst the ongoing crypto winter.
Crypto regulation
December 7, 2022

Court Approves The Issuance Of Subpoenas To 3AC Co-Founders

The court has authorized the issuance of subpoenas to 3AC co-founders. Liquidators now have permission to demand documents, communications, financial records, or any information related to the hedge fund since 2012.
Crypto regulation
December 3, 2022

Liquidators Seize $35.6M From Three Arrows Capital

Teneo seized $35.6M from Three Arrows Capital’s bank accounts in Singapore following a lack of cooperation from its founders.
Crypto lending
November 22, 2022

Genesis Rejects Notions Of Imminent Bankruptcy Filing

Genesis denied rumors of “imminently” submitting bankruptcy filings after failing to raise funds over the last week.
Crypto lending
November 16, 2022

Genesis Global Capital Suspends Loan Redemptions Following FTX Insolvency Crisis

Genesis becomes the latest firm affected by FTX’s collapse as its lending entity halts loan originations and redemptions due to liquidity issues.
Crypto lending
November 9, 2022

Nexo Boasts Of $0 Net Exposure To FTX

Nexo has boasted of its $0 exposure to FTX amid the exchange crisis. Its small loan to Alameda, fully collateralized by digital assets, was sold off a few days ago, making them immune to any losses.
Crypto lending
November 8, 2022

BlockFi Says Products Are Fully Functional Amidst The Binance-FTX Deal

BlockFi has stated that all its products remain fully functional regardless of the Binance-FTX deal. The lending firm, which was supposed to be acquired by FTX, will now run as an independent entity until at least July 2023.
Crypto lending
October 20, 2022

FTX’s Tentative Deal May Allow Voyager’s Clients To Recover 72% Of Their Assets

Voyager Digital could allow its customers to retrieve up to 72% of their frozen funds as part of a provisional deal with FTX US.
Crypto regulation
October 18, 2022

SEC And CFTC Probe 3AC Over Allegations Of Investor Conduct Violations

SEC and CFTC investigate Three Arrows Capital (3AC) for potentially misleading its investors.
Crypto lending
October 17, 2022

Ledn Co-Founder Claims The Future Looks Bright For The Bitcoin Lending Industry

Mauricio Di Bartolomeo, Co-Founder and Chief Strategy Officer of Ledn, expressed his opinions on the future of crypto lending and claimed that the lending industry is maturing.
Crypto staking
October 15, 2022

Lido’s Co-Founder Considers Coinbase Its Main Staking Competitor

Vasiliy Shapovalov, Lido’s Co-Founder, claimed Coinbase and other "centralized exchanges" are threats to the firm at Ethereum Foundation’s Devcon 2022 event.
Crypto lending
October 5, 2022

Nexo’s Co-Founders Debunk Rumors Of Insolvency

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.
Crypto lending
September 27, 2022

CoinLoan’s Semi-Annual Report Reveals Promising Results

According to CoinLoan’s mid-year report, the lending firm has seen an uptrend in its growth metrics despite the ongoing crypto winter.
Crypto lending
August 27, 2022

VGX Surges By 125% In 24 Hours Following Rumors Of Voyager's Takeover

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. 
Crypto exchanges
August 22, 2022

Zipmex CEO Refuses To Resign Following $50M Loss

Marcus Lim, CEO of crypto exchange platform Zipmex, reveals he will not step down from his leadership role despite the company’s losses amounting to over $50M.
Crypto lending
August 17, 2022

Genesis Cuts 20% of Workforce, Announces CEO Stepping Down

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.

Latest News

Hodlnaut’s Creditors Reject Restructuring Plan

Crypto lending
January 13, 2023
Hodlnaut's creditors have rejected its restructuring plan. They instead seek to liquidate the firm’s assets.

Blockchain.com Reduces Its Workforce By 28%

Crypto exchanges
January 12, 2023
Blockchain.com slashed its workforce by 28% to reduce expenses amidst the ongoing crypto winter.

Court Approves The Issuance Of Subpoenas To 3AC Co-Founders

Crypto regulation
December 7, 2022
The court has authorized the issuance of subpoenas to 3AC co-founders. Liquidators now have permission to demand documents, communications, financial records, or any information related to the hedge fund since 2012.

Liquidators Seize $35.6M From Three Arrows Capital

Crypto regulation
December 3, 2022
Teneo seized $35.6M from Three Arrows Capital’s bank accounts in Singapore following a lack of cooperation from its founders.

Genesis Rejects Notions Of Imminent Bankruptcy Filing

Crypto lending
November 22, 2022
Genesis denied rumors of “imminently” submitting bankruptcy filings after failing to raise funds over the last week.

Genesis Global Capital Suspends Loan Redemptions Following FTX Insolvency Crisis

Crypto lending
November 16, 2022
Genesis becomes the latest firm affected by FTX’s collapse as its lending entity halts loan originations and redemptions due to liquidity issues.

Nexo Boasts Of $0 Net Exposure To FTX

Crypto lending
November 9, 2022
Nexo has boasted of its $0 exposure to FTX amid the exchange crisis. Its small loan to Alameda, fully collateralized by digital assets, was sold off a few days ago, making them immune to any losses.

BlockFi Says Products Are Fully Functional Amidst The Binance-FTX Deal

Crypto lending
November 8, 2022
BlockFi has stated that all its products remain fully functional regardless of the Binance-FTX deal. The lending firm, which was supposed to be acquired by FTX, will now run as an independent entity until at least July 2023.

FTX’s Tentative Deal May Allow Voyager’s Clients To Recover 72% Of Their Assets

Crypto lending
October 20, 2022
Voyager Digital could allow its customers to retrieve up to 72% of their frozen funds as part of a provisional deal with FTX US.

SEC And CFTC Probe 3AC Over Allegations Of Investor Conduct Violations

Crypto regulation
October 18, 2022
SEC and CFTC investigate Three Arrows Capital (3AC) for potentially misleading its investors.

Ledn Co-Founder Claims The Future Looks Bright For The Bitcoin Lending Industry

Crypto lending
October 17, 2022
Mauricio Di Bartolomeo, Co-Founder and Chief Strategy Officer of Ledn, expressed his opinions on the future of crypto lending and claimed that the lending industry is maturing.

Lido’s Co-Founder Considers Coinbase Its Main Staking Competitor

Crypto staking
October 15, 2022
Vasiliy Shapovalov, Lido’s Co-Founder, claimed Coinbase and other "centralized exchanges" are threats to the firm at Ethereum Foundation’s Devcon 2022 event.

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Crypto lending
October 5, 2022
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.

CoinLoan’s Semi-Annual Report Reveals Promising Results

Crypto lending
September 27, 2022
According to CoinLoan’s mid-year report, the lending firm has seen an uptrend in its growth metrics despite the ongoing crypto winter.

VGX Surges By 125% In 24 Hours Following Rumors Of Voyager's Takeover

Crypto lending
August 27, 2022
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. 

Zipmex CEO Refuses To Resign Following $50M Loss

Crypto exchanges
August 22, 2022
Marcus Lim, CEO of crypto exchange platform Zipmex, reveals he will not step down from his leadership role despite the company’s losses amounting to over $50M.

Genesis Cuts 20% of Workforce, Announces CEO Stepping Down

Crypto lending
August 17, 2022
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.
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