Tag: BlockFi
Bankrupt Crypto Lender BlockFi to Refund More Than $100K to California Clients
The decision, which is subject to a bankruptcy court’s approval, comes after a DFPI investigation found the now-bankrupt crypto lender “failed to prov [...]
Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
The majority of the 6,376 mining rigs BlockFi sold to U.S. Farms & Mining are Bitmain Antminers, according to a previous filing. They are spread a [...]
BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report
According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash res [...]
BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney
The New Jersey bankruptcy court had banned BlockFi from investing in secondary financial markets, according to a filing by U.S. Trustee Andrew Vara ma [...]
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF
According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund [...]
Silvergate closes Exchange Network, releases $9.9M to BlockFi
Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets' payment network, claiming the termination is a "risk-based de [...]
BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor
An investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class action complaint against its foun [...]
BlockFi appeals to cancel bankruptcy status for SBF’s offshore investment vehicle
Consequences of the FTX scandal at the hands of its founder and former CEO, Sam Bankman Fried, continue to surface. On Feb. 17, it was reported that t [...]
BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
The bankruptcy filing, made Feb. 3, was not made in good faith; the company isn’t eligible, having no employees, no income and no business; and the ca [...]
Bitfarms settles outstanding loan with BlockFi for $7.75M
Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurr [...]
Bankrupt Crypto Lender BlockFi Takes Two-Thirds Haircut to Settle Bitcoin Miner Bitfarms’ Debt
“Lowering our debt nearly 85% from a high of $165 million in June 2022 to $25 million today has significantly decreased principal and interest obligat [...]
BlockFi gets court nod to sell crypto mining assets
Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to repay its credit [...]
FTX creditors list, BlockFi $1.2B exposure and new Celsius token…
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BlockFi reportedly posts uncensored financials revealing $1.2 billion FTX exposure
Bankrupt crypto lending firm BlockFi has reportedly uploaded financials by accident, revealing $1.2 billion in assets tied up with bankrupt exchange F [...]
BlockFi to sell $160M in Bitcoin miner-backed loans: Report
Bankrupt crypto lending firm BlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy [...]