Bitcoin24h $84,322.46+5.00%

Ethereum24h $2,714.02+5.55%

BNB24h $783.23+4.55%

XRP24h $1.49+7.96%

Solana24h $115.79+7.11%

TRON24h $0.3444+0.53%

Zcash24h $1,531.29+6.54%

Hyperliquid24h $95.35+4.86%

Dogecoin24h $0.0926+9.24%

Monero24h $578.58+10.90%

The slow-motion ‘bank run’ in private credit

Crypto has exacerbated the problems of private credit, extending leverage and rehypothecation risk across increasingly risky loan books.

Gemini’s 10-K reveals loan loop between exchange and founders

Gemini’s 10-K, filed yesterday, laid out the exchange’s entire structure. Social media users called it a circular scheme.

Archblock, TrustToken, and TrueCoin, firms originally behind TrueUSD, declared bankruptcy after being defrauded by a “criminal enterprise.”

The attackers have taken Steakhouse Financial’s domain and turned its website and app into a wallet-draining phishing scam.

Stripe’s stablecoin subsidiary Bridge appears as a possible unauthorized shipper of 12 trucks sent to a Chávez-linked company in Venezuela.