The MakerDAO community rejected a proposal to use up to $500 million of the stablecoin USDC to invest in bonds with crypto investment firm CoinShares. As CoinDesk’s Krisztian Sandor reported, Co...
Tag: BlockFi
How the BlockFi bankruptcy, FTX collapse may affect your crypto taxes
It is thought the new U.K. government’s mini-budget may have made buying a house even more difficult. Photo by LanaStock via Getty Images Crypto firm BlockFi on Monday filed for Chapter 11 bankr...
Crypto Lending Firm BlockFi Files for Chapter 11 Bankruptcy, Citing FTX Collapse
Crypto lending platform BlockFi is officially filing for bankruptcy after weeks of rumors surrounding the firm’s connections to FTX. Today, BlockFi announced its voluntary Chapter 11 filing, naming th...
Crypto Lender BlockFi Filing for Bankruptcy
Alex Dovbnya Cryptocurrency lender BlockFi is latest domino to fall during ongoing cryptocurrency crisis Popular cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, according...
BlockFi Files for Bankruptcy – Crypto Briefing
Key Takeaways BlockFi has filed for Chapter 11 bankruptcy protection and will attempt to restructure its operations. The firm owes money to more than 100,000 creditors and has liabilities between $1 b...
Crypto Lender BlockFi Files for Chapter 11 Bankruptcy
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection in the United States on Monday, just days after suspending withdrawals amid the fallout from FTX. The FTX contagion has claimed...
BlockFi Files For Bankruptcy, Liabilities Range From $1B to $10B
– Advertisement – BlockFi has officially filed for chapter 11 bankruptcy amid the contagion precipitated by the FTX implosion. Cryptocurrency lender and prominent exchange platform Block...
Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX
(Bloomberg) — BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall. Most Read from Bloomberg BlockFi said in a statement Mond...
BlockFi Files for Bankruptcy Following FTX Crash
Another former cryptocurrency giant has filed for Chapter 11 bankruptcy protection in the United States. Thus, BlockFi has followed the example of companies like Celsius and Three Arrows Capital. The ...
BlockFi Officially Files For Bankruptcy Amid FTX Contagion Effect
BlockFi Bankruptcy News: While the crypto market continues to face the wrath of the FTX collapse, yet another company is falling prey to the contagion. Crypto lender BlockFi will file for chapter 11 b...
BlockFi Bankruptcy In The Latest FTX Casualty
(Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Key takeaways Crypto platform BlockFi has filed for Chapter 11 Bankruptcy in New Jersey, citing exposure to FTX as a major...
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’ – Bitcoin News
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital...
BlockFi files for bankruptcy, cites FTX collapse for its troubles
BlockFi announced on Nov. 28 that it had filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidia...
Blockfi becomes another victim of the FTX collpase with bankruptcy filing
The FTX downturn is gradually spreading to more cryptocurrency firms as BlockFi is the next firm to file for bankruptcy. BlockFi said Nov. 28 that it filed for Chapter 11 bankruptcy protection in the...
BlockFi Files for Bankruptcy as FTX Contagion Spreads
However, FTX itself filed for bankruptcy in the second week of November, after days of speculation about whether it was fully liquid. The questions were sparked by a CoinDesk report revealing that muc...
Crypto lender BlockFi files for bankruptcy protection
Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection. According to the firm’s bankruptcy petition, BlockFi has claimed more than 100,000 creditors as well as between $1 bil...
Ripple Execs Blame SEC For BlockFi Demise
As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) enters the home stretch, the fintech is throwing one more punch. As NewsBTC reported, Nov. 30 and Dec. 5 c...
BlockFi Used FTX Funds To Pay SEC Fines? Inquiries Ripple Counsel
Sam Bankman-Fried (SBF) led the FTX crash has impacted the crypto market in the worst way possible. Crypto lender BlockFi is reportedly preparing for bankruptcy filing due to its extensive exposure to...
Ripple General Counsel Says SEC May Be Responsible For BlockFi Insolvency
– Advertisement – Alderoty believes that the SEC settlement deal with BlockFi backed the crypto lender into a corner, putting customers at risk. Ripple General Counsel Stuart Alderoty laid...
BlockFi puts client loans into forbearance, email shows
Crypto lender BlockFi has put client loans into forbearance, according to a customer email viewed by The Block. “At this time, clients do not have the ability to post new funds to BlockFi...
FTX owes $3B to 50 creditors including Genesis and BlockFi
Listen to this article. Legal filings have revealed that collapsed crypto exchange FTX owes its 50 biggest creditors more than $3 billion — and it could take them years to get even a small portion of ...
FTX lent BlockFi $250 million in FTT – crypto.news
Bankrupt Crypto Exchange FTX has revealed in its first-day Declaration a loan of about $250 million FTT awarded to BlockFi, a popular US crypto lending platform. According to the report published yes...
Nexo reportedly offered $850 million to acquire rival BlockFi in July – crypto.news
\n According to an ‘indicative investment proposition’ document, cryptocurrency lender Nexo made an unfulfilled bid to buy ailing rival BlockFi as part of a planned deal valued at roughly $850 million...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Nexo had offered BlockFi an $850 million deal to potentially acquire it
Crypto lender Nexo earlier this year made an unsuccessful offer to acquire troubled rival BlockFi as part of a proposed deal worth about $850 million, according to an “indicative investment prop...
BlockFi Mulls Bankruptcy Filing and Layoffs in Wake of FTX Collapse, Met With Binance
In brief BlockFi has retained an advisor to look into a possible Chapter 11 bankruptcy filing, has approached Binance for help, and is looking at likely layoffs, sources told Decrypt. The crypto lende...
After FTX, BlockFi, These Exchanges May Also Land in Deep Trouble!
As strong and well-established platforms are rumoured to be exposed to the FTX collapse, the contagion is just spreading out. Initially, Crypto.com was rumoured to go bankrupt but in a recent update B...
BlockFi on the Brink of Filing Bankruptcy: Report
In July, FTX signed a deal with BlockFi to provide a revolving credit facility. NestCoin is in trouble after the FTX bankruptcy filing. FTX Exchange collapse has affected over 150 companies, inclu...
BlockFi prepares for a bankruptcy filing
BlockFi, in the midst of FTX’s liquidity contagion, as a result of previous transactions between the two platforms is now in danger of declaring bankruptcy itself. FTX initiates bankruptcy proceedings...
BlockFi to File for Bankruptcy Protection Amid FTX Collapse
Troubled crypto lending platform BlockFi is in the works to file for Chapter 11 bankruptcy protection due to its financial issues, the Wall Street Journal revealed on Tuesday. BlockFi Struggles Amid F...