Lending


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Sky-High Yields and Bright Red Flags: How Alex Mashinsky Went From Bashing Banks to Bankrupting Celsius

How could Celsius Network pose “much less risk” than banks, as its CEO claimed, but pay eye-popping returns? It sounded too good to be true. There were other warning signs from the start.

Celsius CEO Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)

Finance

Coinbase, Kraken Back Crypto Lending Platform CLST Seed Round

CLST's aim is to attract hedge funds, trading firms, asset managers and banks looking to lend and borrow digital assets.

Unizen has received $200 million from alternative investment group Global Emerging Markets. (Shutterstock)

Finance

Bitmain Partner Antalpha Unveils Lending Products for Miners

A relatively unknown company presented some novel ways to, among other things, help miners facing margin calls.

Eager miners snapped photos of Anatalpha's presentation at Bitmain's World Digital Mining Summit in Miami. (Eliza Gkritsi/CoinDesk)

Layer 2

Failed Crypto Lender Cred Blames Its Demise on Uphold Exchange in Suit

The 2022 meltdown is not the first time the risks of “centralized DeFi” products have been laid bare.

(Daniel Thomas/Unsplash)

Finance

Crypto Lender BlockFi Had $1.8B in Open Loans at End of June and $600M of Exposure

The company has released a quarter-end snapshot of a number of operating statistics.

Publicidad de BlockFi en Union Station, Washington D. C. (Archivo de CoinDesk)

Finance

Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report

The beleaguered duo discussed how one of the most successful crypto funds went from being a prominent trading desk to owing creditors $2.8 billion.

Su Zhu of Three Arrows (CoinDesk)

Finance

Genesis Files $1.2B Claim Against Three Arrows Capital

Genesis's parent company, Digital Currency Group, has assumed Genesis' liabilities in the case.

Genesis Global Trading CEO Michael Moro at Consensus 2022 (Morgan Brown/CoinDesk/Shutterstock)

Finance

Celsius Outlines Next Steps as Bankruptcy Proceedings Begin

The insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement.

Celsius outlines next steps. (PhotonBlast/Unsplash)

Finance

Celsius Owed $439M by Lending Firm EquitiesFirst: Report

Celsius first borrowed from EquitiesFirst in 2019 before an overcollateralized crypto loan went sour in 2021.

Celsius Network founder and CEO Alex Mashinsky (CoinDesk)

Layer 2

Behind Voyager’s Fall: Crypto Broker Acted Like a Bank, Went Bankrupt

In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard.

Voyager Digital CEO Steve Ehrlich gives a thumbs-up at Bitcoin Miami in April of 2022. (Danny Nelson/CoinDesk)