Tag: lender
A Chat with Stuart Cheetham, CEO at FinTech Mortgage Lender: MPowered Mortgages
MPowered Mortgages is a tech-first mortgage lender with a mortgage origination platform that harnesses the power of smart technology and…
The post A Chat with Stuart Cheetham, CEO at FinTech Mortgage Lender: MPowered Mortgages appeared first on TechRound.
Crypto lender Genesis files for bankruptcy
Crypto Exchange Gemini Trying To Recover $900 Million From Crypto Lender Genesis
Gemini, which runs a crypto lending product in partnership with Genesis, has now formed a creditors’ committee to recoup the funds from Genesis and its parent DCG, the report added. Separately, Coindesk on Sunday reported that creditor groups in negotiation with Genesis currently account for $1.8 billion of loans, with that number likely to continue to grow. A second group of Genesis creditors, with loans also amounting to $900 million, is being represented by law firm Proskauer Rose, CoinDesk said citing a source. Further reading: Sam Bankman-Fried Says He Will Testify Before Congress On FTX Collapse
Read more of this story at Slashdot.
Crypto Lender BlockFi Is Going Broke Because of FTX, Will Start Layoffs
![](https://i.kinja-img.com/gawker-media/image/upload/s--gdWuzkwK--/c_fit,fl_progressive,q_80,w_636/09d822b4a606e52d0dc9d96f4e3a8ced.jpg)
FTX, the bankrupt crypto exchange that mismanaged customer funds and can’t account for billions in assets, is currently imploding like a dying sun. The wave of financial destruction wrought by the meltdown now threatens to swallow other companies that did business with it, and the latest victim is BlockFi, one of the…
Crypto: Crypto lender BlockFi pauses withdrawals in wake of FTX’s collapse
Eight states sue crypto lender Nexo over security sales and misleading marketing
![Illustration of a digital coin on fire.](https://cdn.vox-cdn.com/thumbor/viDhrqLJDXmZ4DuFVbNgm1Li5tY=/0x0:2040x1360/1310x873/cdn.vox-cdn.com/uploads/chorus_image/image/71419369/acastro_220524_STK428_0003.0.jpg)
New York Attorney General Letitia James is suing crypto company Nexo, alleging that the company misled customers by saying it was registered to sell securities and commodities and that it wasn’t approved to offer services like its “Earn Interest Product” that promised returns on deposited crypto. It’s the latest legal move in a fight between regulators and crypto companies looking to offer interest-earning accounts, often insisting that they shouldn’t be classified as securities.
Seven other states — California, Kentucky, Maryland, Oklahoma, South Carolina, Washington, and Vermont — are also filing “administrative actions” against the company, according to a press release from the New York AG. The release also quotes James as saying:…