Tag: BlockFis
BlockFi’s U.S. Bankruptcy Judge Says He Wants Three Arrows’ $284M Claim Resolved in Mediation
Tensions were apparent between the sides in court, as a lawyer for BlockFi said 3AC has a “runaway” legal counsel who is dragging things out and pilin [...]
BlockFi’s Chapter 11 plan progresses with conditional court approval
BlockFi’s reorganization is gradually progressing, with the company revealing that the United States Bankruptcy Court for the District of New Jersey h [...]
Bankrupt Crypto Lender BlockFi’s Disclosure Statement Gets Approval From Court
“BlockFi’s mission through this process has been to maximize recoveries for our creditors, and conditional approval of our Disclosure Statement moves [...]
SEC waives BlockFi’s $30M fine until creditors are paid
The United States Securities and Exchange Commission (SEC) has agreed to postpone the payment of a $30 million fine from bankrupt crypto lender BlockF [...]
Crypto Lender BlockFi’s Management Was Cause of Collapse, Creditors Say
However, nobody at BlockFi bothered to follow through with this, including the restructuring team, and no bond was posted, the creditors said. “It’s a [...]
Crypto Lender BlockFi’s Mining Assets May Be Headed to Market After Bankruptcy Hearing
The 56 million shares, with a current value of around $577 million, are the subject of a complex tussle between BlockFi, bankrupt crypto exchange FTX, [...]
A peek into BlockFi’s secret financials (it’s not pretty)
Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific a [...]
BlockFi’s $10M Staff Bonus Package Approved by New Jersey Judge
This new deal applies to around 130 staff, who will mostly get a bonus worth 42.5% of salary, paid in three installments over a year. Worth $9.98 mill [...]
Payments company Curve bids for BlockFi’s 87,000 credit card customers
Payments company Curve is in active discussions to acquire crypto lender BlockFi's more than 87,000 credit card customers — whose credit cards have be [...]
California Finance Regulator Revokes BlockFi’s Lending License
"BlockFi’s announcement, made on November 10, 2022, from its Twitter account @BlockFi, acknowledged that it cannot 'operate business as usual' given t [...]
BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance
Another reason the Thiel model simply makes no sense for retail finance is that it is structurally impossible to build the kind of “moat” that can, at [...]
Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model
It’s been another day of watching the ripples of contagion spread through the crypto market. With Three Arrows Capital being ordered into liquidation [...]
What is driving institutions to invest in crypto? BlockFi’s David Olsson explains
In an interview with Cointelegraph reporter Joe Hall on April 12, David Olsson, global head of institutional distribution at BlockFi, shared his insig [...]
SEC Reportedly Looking Into BlockFi’s Crypto Yield Products
BlockFi has maintained that its product is not a security. But securities regulators appear to disagree. Earlier this year, a bevy of state-level a [...]
BlockFi’s BTC Fee on Their Promo Gone Incorrect
BlockFi customers who joined the March Buying and selling Promotion appeared to have gotten their BTC rewards sooner than they anticipated however [...]