SBF borrowed $546M from Alameda to fund Robinhood share purchase
An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi.
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Public Bitcoin mining companies plagued with $4B of collective debt
The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market.
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG…
Tether to reduce secured loans to zero in 2023 amid battle against FUD
The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal.
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled…
Wintermute repays $92M TrueFi loan on time despite suffering $160M hack
After repayment of TrueFi’s $92 million loan, Wintermute still owes $97.4 million to Maple Finance and Clearpool in loans.
Mango Market’s DAO forum set to approve $47M settlement with hacker
Over 98% of voting tokens favor the deal, which also stipulates that Mango Markets won't pursue criminal charges.
TrueFi issues first default notice on $3.4M BUSD loan
TrueFi does not expect Blockwater Technologies' default to affect its stablecoin lending pools or capital market portfolios.
Maple Finance launches $300M lending pool for Bitcoin mining firms
The institutional lending platform has facilitated $1.8 billion worth of digital currency loans since May 2021.
DeFi protocol token NFD crashes by 99% after a flash loan attack
Flash loans allow users to borrow a high amount of assets without having to provide any upfront collateral, this is often used by miscreants to launch attacks on DeFi protocols.