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Loan
Decentralized finance protocols (DeFi) Cream Finance and Alpha Finance were victims of one of the largest flash loan attacks ever Saturday morning, resulting in a loss of funds totaling $37.5 million, according to transaction details on Etherscan. Two hours later Cream Finance said its contracts were “functioning as normal” and markets had been enabled. Alpha...
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Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether, the issuer of the tether (USDT) stablecoin. In 2018 the exchange borrowed more than $600 million from Tether, with which it shares executives and ownership. The transaction was made public in April 2019 after the...
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Babel Finance is letting bitcoin mining firms put up their machines as loan collateral so the lender can offer them better terms. The loan-to-value ratio (LTV) for these loans is 30%, in part because Babel keeps the freshly mined crypto until the borrower pays back the loan. The LTV is significantly cheaper than the 160%...
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The New York Attorney General’s office (NYAG) wants Tether and Bitfinex to immediately turn over documents detailing a $900 million line of credit the first entity extended to the second, according to a new filing with a public court system. The NYAG’s office began a formal inquiry into Bitfinex and Tether last April, when it...
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Bit2big offers global digital finance solutions based on blockchain, cryptocurrency investments and blockchain services.

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