Chia Network has undertaken significant staff reductions, letting go of over a third of its workforce today, as the blockchain platform grapples with the restoration of a crucial banking relationship.
KikyoThe companies’ total liabilities are estimated at more than $10 billion, according to past filings, and they may have more than 1 million creditors.
OthersAfter selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
CointelegraphCelsius just paid 20 million USDC to Aave, continuing to reduce debt on the decentralized finance (DeFi) lending protocol.
CointelegraphThe embattled platform continues to wind down its debts to decentralized finance (DeFi) lending protocols, having just paid off 20 million USDC to Aave.
CointelegraphArgo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021.
CointelegraphThe CEO of the Binance exchange said that despite being ordered to halt trading by U.K. regulators in June, it plans to expand to the U.K. in the next six to 18 months.
Cointelegraph