Reportedly, ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday.
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Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi
Traders brace for more bad news after headlines revealed that Voyager Digital had lent $655 million to Three Arrows Capital. Is another crypto market sell-off
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Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the risk
The CEO of Swan Bitcoin, Cory Klippsten, criticizes Celsius Network and other centralized crypto lending platforms, warning of possible market contagion.
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Crisis in crypto lending shines light on industry vulnerabilities
Leading crypto lending firms and hedge funds have run into trouble due to the market turmoil but more so because of their unchecked reckless decision-making
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Nexo hires Citibank to advise on acquisitions during market turmoil
“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.
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Celsius’ crisis exposes problems of low liquidity in bear markets
Third-party custodians like Celsius failing is a reminder of one of the most basic principles of crypto; not your keys, not your coins.
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