The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan.
Category Archives: lending
With FTX's ripple effect on market liquidity, Everlend is closing its doors and urging clients to withdraw funds.
Many Gemini Earn users reportedly claimed assets in their accounts had been protected by the Federal Deposit Insurance Corporation.
The new version includes features that developers believe will increase capital efficiency and lower gas fees
Friktion is urging its customers to withdraw assets from the protocol, as the front-end shuts down.
It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company.
The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings.
The company claims that the negotiations with potential crisis managers entered the “advanced stage.”
The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators' enforcement actions in its decision to deny registration.
Hodlnaut downplayed its exposure to the Terra ecosystem, but an investigation into the embattled crypto lender shows it lost $190 million in the Terra crash.