Bankrupt crypto lending platform BlockFi has filed a motion requesting authority from the United States Bankruptcy Court to allow its users to withdraw digital assets currently locked up in BlockFi Wa...
Tag: BlockFi
BlockFi employees were discouraged from describing risks in internal communications: Report
Following BlockFi’s Chapter 11 bankruptcy filing with the United States Bankruptcy Court for the District of New Jersey, reports have surfaced about the crypto lending company’s risk assessment and ma...
Silvergate Debunks Rumours Of A Liquidity Crisis Despite BlockFi, FTX Exposure ⋆ ZyCrypto
Advertisement     Silvergate bank has defended itself against allegations that it could be facing a liquidity crunch due to its close relationship with cash-beleaguere...
Analysis of Silvergate Capital’s FTX and BlockFi Public Letters
December 6, 2022, 12:06PM EST • 4 min read Quick Take December 5, 2022 Silvergate CEO Alan Lane releases public letter addressing FTX, Alameda and the recent market turmoil Closed December 5, 2022 tr...
Customer Funds Safe Despite BlockFi, FTX Exposure
The CEO of Silvergate has reassured customers that their funds are safe, but many remain wary. The company had exposure to both BlockFi and FTX through deposits. Crypto bank Silvergate is making attem...
BlockFi Goes Bankrupt And More
President Vladimir Putin and the Russian central bank are discovering the many benefits of cryptocurrency and blockchain-based payment systems in light of the many sanctions weighing down the country’...
Another Bankruptcy Filing in Crypto World — BlockFi Insolvency
Join Our Telegram channel to stay up to date on breaking news coverage On November 28th, cryptocurrency exchange BlockFi became the latest victim of the avalanche of failures that began with the implo...
Decentralized crypto exchange volumes nearly double in November amid FTX debacle
Cryptocurrency exchange volumes jumped in November from the previous month as the collapse of FTX roiled markets, with decentralized platforms seeing an increase of 93%. Centralized (CEX) exchan...
Bankruptcy court told FTX and Alameda they owe BlockFi $1B
Court confirms that FTX and Alameda owe BlockFi $1 billion after chapter 11 bankruptcy protection filing. While BlockFi has attempted to separate itself from FTX and Alameda during its bankruptcy proc...
SEC Could Use BlockFi as Object Lesson for Clear Crypto Regulation, Says Ex-SEC Official
“The SEC is going to be a lot more concerned not with the money from the settlement, but from what the BlockFi bankruptcy represents in terms of harm to investors, systematic risks, contagion, and wha...
Crypto Lender BlockFi Sues Sam Bankman-Fried Company Over Robinhood Shares Following Bankruptcy Filing: Report
The bankrupt crypto lending platform BlockFi is suing Sam Bankman-Fried’s holding company to recover collateral. According to a recent complaint filed in a court in New Jersey, BlockFi says it “seeks ...
BlockFi Bankruptcy Follows FTX Implosion
SOPA Images/LightRocket via Getty Images Key takeaways On Monday, crypto lender BlockFi filed for Chapter 11 bankruptcy protections in the aftermath of FTX’s implosion Ironically, BlockFi lists FTX as...
5 Highlights From BlockFi Bankruptcy Proceedings
BlockFi’s bankruptcy last week marked the latest instance of crypto’s collapse starting to resemble TradFi’s 2008 crisis. More high-flying firms are running out of financial runway, if they have yet t...
Ripple’s Counsel Allegedly Blames SEC For BlockFi Bankruptcy
According to an official press release, BlockFi has commenced restructuring proceedings to stabilize the business and maximize value for its customers and stakeholders. The proceedings began with a vo...
FTX, Alameda Owe BlockFi More Than $1 Billion: Court Hearing
During the first day hearing for BlockFi’s bankruptcy proceedings, the company revealed that FTX and Alameda Research owe it more than $1 billion—$671 million on a now-defaulted loan to Alameda and $3...
BlockFi Files For Bankruptcy, Crypto Daily TV 30/11/2022
In Todays Headline TV CryptoDaily News: Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads. Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, the compa...
Bankruptcy court told FTX and Alameda owe BlockFi $1B… but it’s complicated
A lawyer for BlockFi told the first day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister company Alameda Research has...
Crypto Brokerage Could Be Next After BlockFi
Troubled crypto brokerage firm Genesis Global Trading’s creditors have hired restructuring lawyers to prevent the firm from filing for bankruptcy. Genesis currently seeks $500 million in emergency fun...
Bankrupt BlockFi Suing FTX Founder Over Robinhood Shares Promised as Collateral: Report
The recently bankrupt crypto lender BlockFi is suing FTX CEO Sam Bankman-Fried to obtain shares of Robinhood he allegedly pledged to the company as collateral earlier this month. The filing, which wa...
Here’s How BlockFi Plans To Return Customer Funds
In news related to FTX, Sam Bankman-Fried’s disbanded crypto empire seems to owe $680 million to now-bankrupt crypto lender BlockFi Inc., according to a lawyer who spoke to the federal judge presiding...
BlockFi Owes $1 Billion to Just Three of Its Largest Creditors: Bankruptcy Filing
BlockFi Inc. owes more than $1 billion to three of its largest creditors, including $30 million it has yet to pay the U.S. Securities and Exchange Commission as part of the $100 million settlement tha...
Silvergate refuses the latest FUD, verifies the least exposure to BlockFi
Silvergate has verified a least exposure to a digital asset lender BlockFi. Silvergate has been a topic of many FUD (fear, uncertainty, and doubt) or wrong and confusing statements Relationship betwe...
Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another: Source
The FTX contagion has just claimed another crypto firm. BlockFi will file for Chapter 11 bankruptcy protection later today, a source at the company tells Decrypt. In an official announcement, the New ...
BlockFi Has $10 Billion in Assets and Liabilities and 100,000 Creditors: Bankruptcy Filing ⋆ ZyCrypto
Advertisement     The digital asset lender is the latest victim of FTX contagion. BlockFi is planning to lay off two-thirds of its staff in bankruptcy restructuring. C...
Ripple Blames SEC for BlockFi Collapse – Revelations Emerge
Ripple blames the SEC for BlockFi’s bankruptcy, as the crypto lender sues Sam Bankman-Fried for his Robinhood shares. Crypto lender BlockFi filed for bankruptcy earlier this week, after suspending wit...
BlockFi files for bankruptcy in the wake of FTX collapse
BlockFi is the latest victim of the FTX collapse. After Celsius and Voyager, BlockFi is the latest lender to shut shop this year. Crypto winter and big collapses are crippling investor and retailer co...
BlockFi Joins the Bankruptcy Parade
Like (so far) every other crypto company, BlockFi has filed for Chapter 11 bankruptcy protection, indicating it believes it can continue onwards after a restructuring process. Like other companies, Bl...
BlockFi has $355 million in digital assets ‘frozen’ on FTX
Troubled crypto lender BlockFi has $355 million in digital assets frozen on FTX’s platform, the company said in court. BlockFi attorney Joshua Sussberg also shared new details about how closely ...
BlockFi drags FTX founder into legal battle
The crypto market has not snapped out of the domino effect started by the FTX crypto exchange collapse three weeks ago. If anything, it seems to be gathering momentum at this point as BlockFi has also...
Troubled Crypto Lender BlockFi Sues SBF Over Robinhood Shares
On Monday, the crypto lending firm BlockFi filed for Chapter 11 bankruptcy. A few hours later, the company sued Sam Bankman-Fried (SBF), the founder of the troubled crypto derivative exchange FTX, ove...
Silvergate Capital has minimal exposure in bankrupt BlockFi
Silvergate Capital has made it clear via a press release on November 28, 2022, that it had very little exposure to the now-bankrupt BlockFi. Silvergate claims its funds in the distressed company is le...