Lending


Opinion

NFTs Are Now Collateral for Secured Loans. Are You Legally Protected?

Repossessing used cars is one thing, but a lender may find it hard to know the right jurisdiction to lay claim to a Bored Ape owned by “MoonBoiBallz99.”

(John Moore/Getty Images)

Finance

Crypto Exchange Blockchain.com Faces $270M Hit on Loans to Three Arrows Capital

Blockchain.com “remains liquid, solvent and our customers will not be impacted,” wrote CEO Peter Smith in a letter to shareholders.

Blockchain.com CEO Peter Smith in 2015 (CoinDesk archive)

Finance

TPS Capital Says It's 'Independent' From Three Arrows Capital

In a statement shared on Twitter, TPS Capital says its operations are “separate and distinct” from the beleaguered crypto hedge fund.

CoinDesk placeholder image

Finance

Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of 'Lending Demand'

The venture capital-backed firm said the lack of “institutional fixed income DeFi adoption” drove its decision.

(Don Mason/Getty Images)

Finance

Lending Platform Vauld Looks to Restructure Amid Crypto Downturn, Suspends Transactions

Vauld has seen around $198 million in withdrawals since June 12.

Lending platform Vauld suspended withdrawals, trading and deposits. (Shutterstock)

Finance

Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources

The company is reportedly in the process of signing an engagement letter with the investment banking firm.

Flex Yang, co-founder of Babel Finance (Babel)

Finance

Finblox Raises Withdrawal Limit, Explores Legal Action Against Three Arrows Capital

Finblox had imposed a $1,500 withdrawal cap following emergence of its exposure to the hedge fund.

Finblox increases withdrawal limit. (Thom Masat/Unsplash)

Finance

Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources

The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.

Genesis Trading Michael Moro at the Crypto Bahamas event in April 2022 (Danny Nelson/CoinDesk)

Opinion

The Risks and Benefits of On-Chain Credit Protocols

"Unsecured lending" repeats some of issues of undercollateralized lending that blew up some crypto firms, but offers a potential solution.

(Brad Helmink/Unsplash)