At what LTV does a bitcoin-backed loan get liquidated?
SALT prints a ladder from 75% to 90.91% LTV; Lava sets a price, not a ratio. We read four lenders' own pages and turned SALT's triggers into BTC falls.
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Which bitcoin lenders do not rehypothecate collateral?
Unchained, SALT, APX Lending and Ledn each publish a promise about reusing bitcoin collateral. We read all four word for word and graded who can check it.
Does Ledn rehypothecate bitcoin collateral? Not for yield
Ledn says collateral is not lent for yield since May 2025, yet its own explainer allows re-posting to a funding partner. What its Open Book Report shows.
The $9.3m ankrFLOW headline was wrong by a factor of twenty
Blockaid's initial estimate put the MORE Markets drain at $9.3 million. The corrected figures reported four days later are roughly $410,000 at spot. What a lender should take from the gap.
The MAMO post-mortem on Moonwell's forum puts residual debt at $9.13m
The $8.7m the trackers reported matches the stablecoins the post-mortem traces off Base. What a forensic report published on the protocol's forum a day later adds is a different number: $9.13m of borrower obligations still outstanding. The mechanism is not a vote and not a broken contract, but a donation to a market contract and a price feed that believed it.
A governance vote, not a code bug, emptied Term Finance's vaults
An attacker bought majority control of a thinly held governance token, passed proposals against Term Finance's strategy vaults and moved roughly $8.5 million out. The contracts executed exactly as written.
The same lending engine is now running behind three different logos
Coinbase, Uniswap and Crypto.com each ship a lending or borrowing button with their own branding on it. The documented integrations keep pointing at one shared backend, and that is a risk question.
'Insured' keeps appearing in crypto-lending copy without a named underwriter
The word does real persuasive work on a landing page. Read closely, a great deal of it describes something narrower than customers assume — and sometimes nothing at all.
Over-collateralisation is the only lending model that survived the cycle
The crypto lending sector ran two models. One of them is largely gone, and the reason is structural rather than accidental.
