Analysis of BlockFi’s Chapter 11 Bankruptcy Filing

November 28, 2022, 1:07PM EST

• 1 min read

Quick Take

  • November 28, 2022 BlockFi files for Chapter 11 Bankruptcy Protection
  • BlockFi estimates there will be funds left over to distribute to the more than 100,000 unsecured creditors
  • $1 – $10bn estimated assets available for distribution 
  • $1 – $10bn estimated liabilities outstanding 
  • Bankruptcy process led by CEO and Co-founder Zach Prince 
  • This is an ongoing series from The Block Research covering BlockFi’s insolvency and bankruptcy proceedings

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