Liquidations


Finance

Lender Babel Finance Lost $280M Trading Customer Funds: Report

The firm is looking to convert hundreds of million in debt into equity after a series of trading losses.

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

Layer 2

Is FTX Proposal Offering Voyager Customers a Good Deal? One Bankruptcy Expert Weighs In

Thomas Braziel, a partner at investment firm 507 Capital, joined CoinDesk TV’s “First Mover” to discuss whether customers are getting the best deal from crypto trading platform FTX and why it could be best for Voyager Digital to weigh its options.

(Kenny Eliason via Unsplash)

Finance

US Bankruptcy Court Approves Foreign Administrator for Three Arrows Capital's Debt

The administrator will also be able to subpoena the crypto hedge fund's founders.

Su Zhu of Three Arrows Capital (CoinDesk)

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

Blockchain.com, Deribit Among Creditors That Pushed for 3AC Liquidation: Report

Blockchain.com has also said it is cooperating with ongoing investigations into the hedge fund, which "defrauded the crypto industry."

CoinDesk placeholder image

Finance

Three Arrows Capital Liquidation Ordered in British Virgin Islands

Partners from Teneo Restructuring have been called in to handle the insolvency.

3AC co-founder Su Zhu speaks at Crypto Bahamas. (Tracy Wang/CoinDesk)

Finance

CoinFLEX to Launch a $47M Recovery Token to Solve Withdrawal Issues

The exchange said last week it was halting withdrawals amid market declines and counterparty uncertainty.

CoinFLEX halted withdrawals. (FLY:D/Unsplash, modified by CoinDesk)

Finance

BlockFi Liquidated Three Arrows Capital: Report

CEO Zac Prince tweeted that the crypto lender “exercised our best business judgment.”

Posiciones cortas de ether registraron liquidaciones de $200 millones. (deepblue4you/Getty images)

Markets

Cryptos See Over $1B in Liquidations as Bitcoin, Ether Lose Major Support Levels

Bitcoin lost the $25,000 level, while ether briefly slid to nearly $1,200.

(Allkindza/Getty Images)

Markets

Short Positions See $143M in Liquidations as Bitcoin, Ether Gain 10%

The crypto market rallied on Friday to almost fully retrace losses from Thursday’s declines.

“Whoever controls liquidity controls DeFi.” (Rahul Pabolu/Unsplash)

Pageof 7