Category: Lender
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Digital lender to pay man Sh250,000 for wrong listing as loan guarantor
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Digital lender, Azura Credit Limited, has been ordered to pay Sh250,000 to a man who harassed him over a loan he allegedly guaranteed on behalf of a borrower. A loan guarantor is a third party that agrees to repay the loan if the borrower defaults. In a new ruling, the…
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Texas adds UK lender NatWest to energy ‘boycott’ list over financing restrictions By Reuters
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By Ross Kerber The Texas state comptroller said Wednesday that the state has added British bank NatWest to a list of companies that “boycott” energy companies, which could restrict the bank’s business with public entities. NatWest was added to the list because of its restrictions on energy financing, Texas Comptroller…
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Tether In Legal Battle With Bankrupt Crypto Lender Celsius
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A series of high-profile legal battles have rocked the cryptocurrency industry, with the latest involving two major players — Tether, the issuer of the world’s largest stablecoin USDT, and bankrupt crypto lending platform Celsius Network. At the heart of the dispute is a controversial allegation of alleged improper liquidation of…
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Tether In Legal Battle With Bankrupt Crypto Lender Celsius
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A series of high-profile legal battles have rocked the cryptocurrency industry, with the latest involving two major players — Tether, the issuer of the world’s largest stablecoin USDT, and bankrupt crypto lending platform Celsius Network. At the heart of the dispute is a controversial allegation of alleged improper liquidation of…
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Bankrupt Crypto Lender BlockFi to Commence Repayments This Month
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BlockFi, a bankrupt cryptocurrency lender, has announced a major step in its efforts to repay its customers. In a post on X on Wednesday, the lender noted that the first interim distribution of funds to customers through Coinbase will begin this month. According to BlockFi, the temporary distribution will take…
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Bankrupt Crypto Lender BlockFi to Commence Repayments This Month
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BlockFi, a bankrupt cryptocurrency lender, has announced a major step in its efforts to repay its customers. In a post on X on Wednesday, the lender noted that the first interim distribution of funds to customers through Coinbase will begin this month. According to BlockFi, the temporary distribution will take…
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DeFi Lender UwU Hacked for Nearly $20M in Fresh Exploit
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UwU Lend, a decentralized lending platform, has become the latest victim of a malicious hack. According to blockchain security company, Arkham, the lending protocol has seen $19.3 million stolen by bad actors. although Cause of hacking His identity has not yet been determined, and some users claim that the project…
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Bankrupt Crypto Lender Genesis to Repay $3 Billion to Creditors
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US Bankruptcy Judge Sean Lin approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return nearly $3 billion in cash and cryptocurrencies to its creditors. This ruling means that the parent company, Digital Currency Group (DCG), will not recover anything from the bankruptcy proceedings.…
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Bankrupt crypto lender Genesis gets OK to return billions in tokens and cash to creditors, meaning parent firm DCG ‘is out of the money’
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Bankrupt cryptocurrency bank Genesis Global Capital has won court approval for its plan to distribute billions of dollars in digital assets and cash to creditors, overcoming a legal ruling. challenge It was introduced by the company’s parent cryptocurrency group. Judge Sean Lin said late Friday that he will confirm Genesis’…