Curve founder looks to unexpected counterparties to rescue sinking DeFi loans
Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount.
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Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans
A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains.
Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC
So far they have accrued 2.65 BTC at an average price well under the current level of around $30,000 for 1 BTC.
Coinbase to cease issuing new Bitcoin-backed loans via Borrow service
The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral.
BlockFi to sell $160M in Bitcoin miner-backed loans: Report
The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24.
No 'respite' for exploits, flash loans or exit scams in 2023: Cybersecurity firm
The industry is likely to see “further attempts from hackers targeting bridges in 2023," while users are urged to be warier of their private keys.
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.
SBF received $1 billion in personal loans from Alameda: FTX bankrupty filing
A fresh bankruptcy filing from FTX chief restructuring officer John Ray III highlights that Sam Bankman-Fried received $1 billion in loans from FTX-related silo companies.
Binance Pay partnership allows UAE entrepreneurs to repay loans using crypto
Virtuzone joins the list of mainstream businesses in the UAE, such as JA Resorts and Hotels and Majid Al Futtaim, to officially accept cryptocurrencies following the integration of Binance Pay.
BlockFi had $1.8B in outstanding loans in Q2: Report
Crypto lender BlockFi outlined the total amount of loans and net risk exposure it carried at the end of Q2 2022, and shared how it is managing liquidity and credit risk.