Crypto lender Salt makes comeback with $64.4 million funding

Summary by Ground News

SALT Lending, one of the world's first cryptocurrency lenders, announced Feb. 8 that it has closed a $64.4 million financing that will strengthen its balance sheet. Genesis, BlockFi, Voyageur Digital and Celsius Network all filed for bankruptcy in the past seven months. The firm also lost its California lending license.

Published 4 months ago

News Articles

More
Filters

All

Left

Center

Right

Cointelegraph

Crypto lender Salt makes comeback with $64.4 million funding

Salt plans to seek further funding later in 2023 — an anticipated Series B financing in the $100 million range — to further build out its capital buffer, Owen told Cointelegraph.

4 months ago

Read Full Article

CryptoPanic

Crypto lender SALT makes comeback with $64.4 million funding

The crypto lender froze withdrawals in mid November. It will resume operations in Q1 2023 buoyed by a Series A recapitalization.

4 months ago

Read Full Article

Technext

Crypto Lender SALT to make a stunning comeback with $64.4 million funding

Crypto lender SALT is set to resume operations after freezing withdrawals at the end of last year. Following…

4 months ago

Read Full Article

DropTown

Crypto lender SALT makes comeback with $64.4 million funding

The crypto winter and FTX collapse has decimated the ranks of cryptocurrency lenders. Genesis, BlockFi, Voyageur Digital and Celsius Network all filed for bankruptcy in the past seven months, and the contagion may still not be over. But at least one crypto lender appears to be on the comeback trail. SALT Lending, one of the […]

4 months ago

Read Full Article