Crypto-lending Service

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.

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.

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…

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.

Goldman Sachs Plans to Raise $2B for Buying Celsius’ Assets if Firm Goes Bankrupt

Goldman Sachs reportedly aims to raise $2 billion to buy Celsius’ assets if company that once aimed to bank the unbanked goes bankrupt.

Celsius Withdrawals Stay Blocked for 5th Day as Clients Fear Losing All Funds

If Celsius goes insolvent, users might not be able to recover their crypto used in the "Earn" service or as collateral.

Lido’s Staked Ether (StETH) Trading at 6% Discount as ETH Down 77% From ATH

Celsius is the largest holder of stETH and the token's depegging would make it more difficult for the crypto lender to honor withdrawal requests.

Compound Deflates: Liquidations Up 295% in Q1 2022

Suppressed incentives in a bearish, more diversified crypto market bodes ill for Compound.

How BlockFi’s $100M SEC Settlement Creates New Standard for DeFi

Will legislators take heed from the SEC in how it treats digital assets and simply enact its practices?

How BlockFi’s Regulatory Troubles Could Set a Precedent for All of DeFi

BlockFi is getting scrutinized by state regulators. Is this a sign for the future of DeFi?

Atomic Capital to Aggressively Pursue Crypto-backed Loans