Crypto Lender Genesis Files For Bankruptcy: Here Are The Companies That Have Collapsed So Far

  • 📰 Forbes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

With the industry facing a “crypto winter” many crypto companies, from exchanges to hedge funds, have had to deal with the fallout.

Hodlnaut, a Singapore-based crypto lender, pauses its withdrawal, token swaps and deposits citing “market conditions,” and several days laterVoyager Digital, a crypto broker, files for Chapter 11 following a $660 million dollar default from Three Arrows Capital, a crypto hedge fund, pausing withdrawals days before going bankrupt, and now owes $1.3 billion across its 100,000 creditors.

Three Arrows Capital , a Singapore-based crypto hedge fund managing close to $10 billion in assets, files for Chapter 15 bankruptcy to seek protection from creditors following the collapse of popular cryptocurrency TerraUSD, in which 3AC had a significant investment in.TerraLabs, a popular blockchain with its cryptocurrency TerraUSD pegged by the U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Q mala suerte

Yet btc has rallied 40% in a few weeks 🤝

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines