The record
Arbitration decisions
When a borrower misses an instalment, a case opens and lenders decide what happens. Every case is published: the ones that recovered, the one that is still running, and the complaint that was not upheld.
Open cases
- BB-ARB-0031reviewing720 BSV at stake
Payment default: three consecutive missed instalments
Bloxers: side-effect reports that cannot be revised
Bloxers Health Data Inc. has not made a scheduled payment since June 2026. The clinical pilot the loan was underwritten against was refused at ethics review in March on a data-controller objection. The borrower has stated it will not resume payments and has proposed a debt-for-equity conversion. An asset sale to a third party is the alternative.
Opened Aug 12, 2026 · 4 exhibits
- BB-ARB-0029awaiting borrower390 BSV at stake
Borrower-initiated restructure: four-month extension
DraigFi: paid Wi-Fi for hosts with spare bandwidth
DraigFi Cyf notified lenders three weeks ahead of the August instalment that it would be missed, and proposed extending the term by four months with the missed coupon capitalised. Twenty-two of twenty-six hosts are live and billing within 12% of model. Nineteen units are held at the supplier against an unpaid balance.
Opened Aug 7, 2026 · 3 exhibits
Closed cases
How a case runs
- 1. It opens. A second missed instalment opens a case automatically. A lender holding a position can also open one at any time.
- 2. Evidence is filed. Lenders, the borrower and the arbitrator can all add exhibits. Nobody can remove one.
- 3. A route is proposed. The arbitrator publishes a recommendation with their reasoning, in the case room where everyone can argue with it.
- 4. Lenders vote. Fourteen days, weighted by principal, simple majority. Abstentions do not count toward the majority.
- 5. It is published. The outcome stays on this page permanently, including where the platform’s own credit assessment turned out to be wrong.