The Block: Solana DeFi lender Everlend Finance shuts down its app citing liquidity crunch: The Everlend team has moved the platform to withdraw-only mode. Users have been urged to remove their assets. The app will continue to operate until all withdrawals have been processed, the announcement stated.
Voyager Creditors Push Back on Repayment of Alameda Loans: Creditors of bankrupt cryptocurrency lender Voyager Digital Holdings Inc. are pushing back on Alameda Research’s bid to claw back $446 million paid as a loan repayment.
Ready for restructuring | White & Case LLP : Rising interest rates and reduced refinancing options are increasing the likelihood of restructuring and financial distress in the next 12 months
Distressed Crypto Deals Heat Up as Jefferies Buys Genesis Claim - BNN Bloomberg: Just months after FTX’s collapse drew some of the largest distressed investors to crypto, the spiraling industry has thrown up a new high-profile target: Genesis.