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Hodlnaut Cuts Team to 10 as Singapore Police Gets Involved
/ Crypto

Hodlnaut Cuts Team to 10 as Singapore Police Gets Involved

Hodlnaut has laid off 80% of its workforce to reduce costs after filing an application in Singapore to be placed under a form of creditor protection.

August 19, 2022
Babel Lost 8,000 BTC and 56,000 ETH While Trading Customer Funds

Babel Lost 8,000 BTC and 56,000 ETH While Trading Customer Funds

Cryptocurrency lending firm Babel Finance lost 8,000 BTC and 56,000 ETH (worth $280 million) in proprietary trading with customer funds.

July 29, 2022
Celsius Estimates 1/3rd of its Loans to be Bad Debt

Celsius Estimates 1/3rd of its Loans to be Bad Debt

A new declaration by CEO Alex Mashinsky reveals one-third of the Celsius Network's total loans represent bad debt.

July 15, 2022
User Funds Likely Lost as Celsius Network Declares Bankruptcy

User Funds Likely Lost as Celsius Network Declares Bankruptcy

Celsius' terms of services say users might not be able to recover their crypto used in the "Earn" service or as collateral in the event of bankruptcy.

July 14, 2022
Celsius Pays Off Final Debt to Aave, but Vermont Regulator Warns of Insolvency

Celsius Pays Off Final Debt to Aave, but Vermont Regulator Warns of Insolvency

Celsius Network closed its debt to Aave after a final payment totaling $8 million in USDC.

July 13, 2022