Distraught Crypto Lender CoinLoan Reveals $147M Shortfall as Bankruptcy Looms
Beleaguered crypto lender CoinLoan has announced a $147 million shortfall in assets, raising the possibility of bankruptcy. The announcement comes after the company halted customer withdrawals a few months ago. CoinLoan said in a Wednesday notice that, as of June 5, 2023, the company holds assets valued at around 68 million euros ($72.8 million), excluding … Read more
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