South Korean investment firm has received a default notice on its loan taken on collateral-free lending platform TrueFi.
Blockwater received a"notice of default" on Oct. 6 after it missed a scheduled payment for a loan that was taken in the BUSD stablecoin, perTrueFi said it has collected approximately $645,000 in eight repayments and the remaining debt is estimated to be $2.96 million at the time of the default. The $3.4 million loan default represents about 2% of TrueFi’s Total Value Outstanding, the lender added.
Originally, the loan had a maturity of 90 days ending in the of the first week of August. Later, as part of negotiations between the two parties, the $3.4 million loan was restructured with the loan maturity extending through to October and a weekly repayment schedule.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
North Korea fires two missiles shortly after US-South Korea drills concludeSouth Korean officials confirmed that North Korea tested two short range missiles shortly after military drills between South Korea and the US wrapped up.
Lire la suite »
N. Korea confirms nuke missiles tests to 'wipe out' enemiesNorth Korea said its recent barrage of missile launches were tests of its tactical nuclear weapons to “hit and wipe out” potential South Korean and U.S. targets, state media reported. Kim Jong Un signaled he would conduct more provocative tests.
Lire la suite »
Crypto Investment Firm Blockwater Technologies Defaults on DeFi LoanSouth Korea-based blockchain investment firm Blockwater Technologies is the latest crypto firm to run into liquidity problems after it missed a payment on a $3.4 million loan in BUSD on lending protocol TrueFiDAO. sndr_krisztian reports.
Lire la suite »
Grilled Beef Galbi (Korean-Style Marinated Short Ribs) RecipeIf you want to make Korean-style barbecue at home, beef galbi is a good place to start.
Lire la suite »
These Korean-Inspired Sloppy Joes Are a Weeknight Pinch HitterThis gochujang kimchi sloppy joe recipe, a riff on the classic American sandwich, packs a spicy, umami punch:
Lire la suite »