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crypto

BlockFi Taps Advisors, To ‘Explore All Options’ in Fallout of FTX Blowup

By
Aidan Ryan
· · Source: The Information

Crypto lending firm BlockFi disclosed on Monday that it had “significant” exposure to bankrupt exchange FTX and said that it has tapped BRG, an advisory firm that’s working as a restructuring advisor on Voyager Digital’s chapter 11. BlockFi had agreed to a $400 million credit line from FTX in July after it was exposed to the now-fallen hedge fund, Three Arrows Capital. The crypto lender froze...

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Genesis Creditors Hammer Out Key Restructuring Agreement
By Akash Pasricha and Aidan Ryan · Feb. 6, 2023 11:04 AM PST
Barry Silbert, photo by Getty Images.
Genesis’ creditors, including Gemini, have reached a key agreement with the bankrupt crypto lender and its parent company, Digital Currency Group, for the restructuring of Genesis’ lending unit, according to a person briefed on the deal. Creditor groups that are owed a total of more than $2 billion have for months been negotiating an agreement among themselves and also with Genesis...
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