Reports have shown that BlockFi also has $227 million in the troubled Silicon Valley Bank, which wasn’t insured. Notably, SVB is not managing the fund directly. As the saga of the Silicon Valley Bank...
Tag: BlockFis
Court approves BlockFi’s plan to sell its crypto mining equipment – Cryptopolitan
The bankrupt cryptocurrency lender BlockFi has been given permission by the court to auction off its cryptocurrency mining equipment as part of the company’s continuous attempts to repay its debtors. ...
BlockFi’s assets auctioning proposal approved
The court permitted the bankrupt cryptocurrency lender BlockFi to auction off its cryptocurrency mining equipment as part of the company’s continuous attempts to repay its debtors. BlockFi aims to max...
Court Greenlights Blockfi’s Plan To Repay Creditors With Crypto Mining Sale
BlockFi, a cryptocurrency exchange, filed for Chapter 11 bankruptcy on November 28. BlockFi was a victim of the contagion brought on by FTX’s collapse. The bankruptcy of the crypto hedge fund Three Ar...
Bankruptcy court allows bids for BlockFi’s crypto mining equipment
Crypto lender BlockFi has received approval from the bankruptcy court to invite bids for its mining equipment. The deadline to submit bids is 20 February. The U.S. Bankruptcy Court for the District ...
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 asset death spirals of all time, the company manage...
Bankruptcy judge approves BlockFi’s employee retention program
A New Jersey bankruptcy court judge has approved BlockFi’s request to offer bonuses to top staff. “It offers the debtor and the employee an opportunity to move forward and maximize the estate,” ...
Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research – Bitcoin News
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally reve...
BlockFi’s Financials Show $1.2B FTX Exposure
BlockFi, a crypto lending company, had more than $1.2 billion in assets connected to FTX and Alameda Research, according to financial records that were mistakenly released without redactions on Tuesda...
BlockFi’s Troubles Mount: $160Mn In Crypto Loans To Be Liquidated
Troubled crypto firm BlockFi plans to liquidate approximately $160 million in loans backed by approximately 68,000 Bitcoin mining machines, according to a report by Bloomberg. The move aligns with on-...
Disputed Robinhood shares may be moved to neutral account at BlockFi’s request
The judge overseeing BlockFi’s ongoing bankruptcy case agreed today to review a request that could see 56 million Robinhood shares moved to a neutral location, according to a report from the Wall Stre...
BlockFi’s Bankruptcy Update, Along with Expert Statements
After the FTX collapse, the most recent collapse of the crypto firm was BlockFi. The crypto lender filed for Chapter 11 bankruptcy on November 28, 2022. The firm blamed for its bankruptcy filing on th...
BlockFi’s bankruptcy is the latest blow for a bleeding Bitcoin mining industry
As if crashing crypto assets, high energy prices and increasing difficulty in mining weren’t enough, now Bitcoin miners face the fallout from BlockFi’s bankruptcy protection filing. ...
“Regulation By Enforcement” By The SEC Caused BlockFi’s Collapse, Asserts Ripple’s General Counsel ⋆ ZyCrypto
Advertisement     Stuart Alderoty, Ripple’s General counsel has slammed the U.S. Securities and Exchange Commission “SEC” for its alleged role in bringing BlockFi to i...
The impact of Blockfi’s Bankruptcy on The Top 10 Cryptocurrencies
BlockFi, a US-based cryptocurrency lender, has applied for Chapter 11 bankruptcy protection as a result of a liquidity crisis brought on by its proximity to FTX. BlockFi did business with FTX by lendi...
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 tha...
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 been suspended since Nov. 11. A Curve spokesp...
The California Finance Commission revokes BlockFi’s license – crypto.news
California’s finance regulatory commission has suspended BlockFi’s lending license for 30 days. The commission believes in the existence of impediments embedded in the cryptosphere such that there is ...
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 the ‘lack of clarity on the...
California moves to suspend BlockFi’s lending license in state
California’s Department of Financial Protection and Innovation issued a notice to suspend crypto lender BlockFi’s license in the state for 30 days pending an investigation into the company...
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 the very least, keep a crappy business like Uber ...
Morgan Creek Digital to Raise $250m, Balancing BlockFi’s Bailout from FTX
Bailing out the crypto lending platform BlockFi has become one of the most significant endeavours for early investors in the company such as Morgan Creek Digital. According to an exclusive Coindesk re...
What is driving institutions to invest in crypto? BlockFi’s David Olsson explains
In an interview with Cointelegraph reporter Joe Hall last Tuesday, David Olsson, global head of institutional distribution at BlockFi, shared his insight on the state of institutional adoption of cryp...
Details Of BlockFi’s Recent Third-Party Data Incident ⋆ ZyCrypto
Advertisement     BlockFi has announced that it suffered a security breach over the weekend. The remote cause was from a third-party vendor that stored data like the c...
BlockFi’s $100M Settlement Payment is Disproportionate, Says Hester Peirce
BlockFi recently agreed to pay $100 million in a settlement after the U.S. Securities Exchange Commission (SEC) charged the firm with “failing to register the offers and sales of its retail crypto len...