Algorand Foundation Possibly lost Millions of Dollars in ALGO to 3AC
Algorand Foundation is one of the over 25 creditors seeking damages from the collapsed crypto hedge fund, 3AC.
Crypto News
General
Crypto News
DeFi
Celsius Network Files for Bankruptcy, has $167 Million in Cash
Celsius Network has filed for bankruptcy in New York to stabilize and restructure less than a month after suspending withdrawals.
Crypto News
General
Voyager is Bankrupt but will Restructure Debts and Pay Creditors
Voyager has submitted its Chapter 11 bankruptcy filing in New York, declaring bankruptcy less than a week after suspending withdrawals.
Crypto News
Exchange
KuCoin (KCS) Token Crashed 25% after Insolvency Rumors
The native token of KuCoin, KCS, fell 25 percent last week after rumors of insolvency and possibility of the ramp suspending withdrawals.
Crypto News
DeFi
Voyager Digital Wants to Recover over $660 million from 3AC
Voyager Digital is planning to recover over $660 million from Three Arrow Capital (3AC), issuing the hedge fund a notice on June 27.
Crypto News
General
Billionaire Investor Says the Crypto Winter will Crash “Weak” Projects
Mark Cuban has said stock and crypto companies sustained by cheap money would be exposed and fold during this financial winter.
Crypto News
DeFi
Compound Finance Founder Wants DeFi Protocols to be More Transparent
Robert Leshner of Compound Finance protocol said DeFi needs more transparency now than before following collapse of recent crises.