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Singapore
Crypto Lender Vauld Gets Another Extension for Submitting Restructuring Plan: Bloomberg
The firm has received bids from two digital-asset fund managers after talks with Nexo broke down, according to the report.
A Large Crypto Market Maker Is Already Distancing Itself From New 3AC Venture
The co-founders of bankrupt crypto hedge fund Three Arrows Capital is partnering with CoinFlex, which said the new company will be evolution of its "commitment to building open and transparent financial markets."
Hodlnaut Creditors Seek Liquidation, Reject Restructuring Plan: Bloomberg
The restructuring plan would have allowed Hodlnaut directors who were at the helm during its collapse to continue managing the company.
Hong Kong’s Finance Regulator Calls for 'a More Solid Footing' for Crypto
After crypto firms have left the city, the regulator says it’s now moving with the market and industry.
Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn't Paid Yet
Poolin had issued I-owe-you tokens in exchange for its users’ crypto deposits. A Singapore arbitrator said that’s not OK.
Crypto Lender Nexo Canvasses Vauld Creditors Directly With Final Takeover Offer
In an open letter, Nexo said earlier offers were misrepresented and it wanted to deal directly with the creditors.
Crypto Lender Vauld Calls Off Potential Acquisition by Rival Nexo
Vauld applied in Singapore for protection from creditors in July and signed an initial agreement with Nexo the same month. Nexo, however, said talks are still taking place.
Crypto Trading Firm Amber Group Raises $300M Series C After FTX Contagion
The collapse of FTX had impacted some of the trading firm's products and customers, increasing the need to quickly raise additional capital.
Amber Group Reportedly Ditches Sponsorship Deal With Chelsea FC Amid Massive Layoffs
Bloomberg reports that Singapore-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea F.C. as the firm is laying off around 300 people. "The Hash" panel discusses the what this means for exchanges and firms navigating the chill of crypto winter.
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
The crypto trader will also lay off 40% of its workforce as it feels the squeeze of the bear market.
