One of the more concerning issues around the current insolvency fears for several centralized lenders and investors is the lack of transparency. The post The current Celsius, 3AC situation may not be as bad as rumors suggest appeared first on CryptoSlate.

Solend, a Solana-based lending platform with over $1 billion in deposits, has voted on a governance proposal to take over a whale’s account so that funds can be withdrawn instead of automatically liquidated on the open market. The post Solend pays users to vote on proposal to liquidate whale wallet OTC and avoid “bad debt” appeared first on CryptoSlate.

Founder of web3 investment firm, Bnk to the Future Simon Dixon, who led the first investment round for Celsius has announced a recovery plan for the struggling platform. The post 9 month recovery plan for Celsius announced by lead investor Bnk to the Future appeared first on CryptoSlate.

Tether CTO, Paolo Ardoino, has confirmed that the Tether website, tether.io, is currently suffering a DDOS attack. The post Tether confirms DDOS attack on tether.io appeared first on CryptoSlate.

Bitcoin (BTC) fell below a previous cycle’s all-time-high price — $19,750 — for the first time in its history after it hit $18,750 in the early hours (GMT) of June 18. The post Bitcoin tumbles to $18k, trades below previous cycle’s ATH first time in history appeared first on CryptoSlate.