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PortuguêsCrypto 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…
Continue ReadingIt is understood that BlockFi wants to get bids in quickly as possible to make the most of the current market conditions. Bankrupt crypto lender BlockFi has been granted court…
Continue ReadingUnredacted 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 revealed…
Continue ReadingThe documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake. Bankrupt crypto lending firm BlockFi has reportedly uploaded financials by accident,…
Continue ReadingThe bankrupt crypto lending firm BlockFi is planning to sell off $160 million in loans backed by 68,000 Bitcoin mining equipment. BlockFi’s effort to liquidate its loans is most likely…
Continue ReadingThe deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24. Bankrupt crypto lending firm BlockFi has plans to sell off $160 million in loans…
Continue ReadingAccording to Megan Crowell, losing certain employees could “severely [limit] the debtors’ options” amid bankruptcy proceedings. Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a…
Continue ReadingBlockFi has announced that it will disclose its assets, liabilities, and payments received prior to its bankruptcy filing in November 2022. Last year, FTX, Celsius Network, and Voyager Digital declared…
Continue ReadingThe company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022. Crypto lending firm BlockFi has announced it will disclose…
Continue ReadingFTX Ex-CEO SBF argued that he should retain control of approximately $450 million in shares of financial trading app Robinhood. “Mr. Bankman-Fried requires some of these funds to pay for…
Continue ReadingThe United States Department of Justice is now stepping in to take control of matters in the ongoing brouhaha involving the now-defunct crypto exchange FTX and other parties. The DOJ…
Continue ReadingA New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July.…
Continue ReadingThe collapse of two giant crypto lending businesses that also mined bitcoin yields a few interesting lessons. “Contagion” is the most popular word in crypto after the disastrous fallout of…
Continue ReadingAn affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi. Sam Bankman-Fried,…
Continue ReadingMultiple news agencies reported on Saturday that the bankrupt cryptocurrency exchange FTX has requested a U.S. court for assistance in a dispute over ownership of approximately $450 million worth of…
Continue ReadingCourt filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and…
Continue ReadingFTX is seeking the court’s help to take ownership of Robinhood Shares worth over $448 million. The shares were purchased by SBF but two other parties have staked the claim. …
Continue ReadingThe California DFPI warned in July that it would be cracking down on crypto interest account providers in the state. The California Department of Financial Protection and Innovation (DFPI) has…
Continue ReadingCrypto lender BlockFi has asked a U.S. Bankruptcy Court for the authority to return the crypto held in BlockFi Wallets to users. Bankrupt crypto lending platform BlockFi has filed a…
Continue ReadingThe court may soon draw the curtain on the long-standing lawsuit legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple. The SEC filed a lawsuit in December…
Continue ReadingGlobal investment bank Goldman Sachs plans to spend tens of millions of dollars on those crypto firms whose valuations were slashed following the collapse of crypto exchange FTX, as per…
Continue ReadingCryptocurrency trading firm Auros Global has missed a loan repayment of 2,400 Wrapped Ether (wETH) worth $3 million. The update was shared by the institutional credit underwriter M11 Credit which…
Continue ReadingAccording 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 voluntary case…
Continue ReadingWhile BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF. A lawyer for BlockFi told…
Continue ReadingExpectations of stringent regulation and further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment. Ether (ETH) rallied 5.5% in the…
Continue ReadingBullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets. Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to…
Continue ReadingBTC price action heads higher with Bitcoin joining Asia stocks in a rebound despite FTX pressures continuing. Bitcoin (BTC) held crucial $16,000 support into Nov. 29 as bulls weathered ongoing…
Continue ReadingSilvergate Capital has been quick to distance itself from the now-bankrupt crypto lender BlockFi. Institutional crypto services provider Silvergate Capital has confirmed its minimal exposure to the embattled BlockFi crypto…
Continue ReadingBlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement. Newly-bankrupt crypto lending platform BlockFi has…
Continue ReadingBlockFi has sued Sam Bankman-Fried for his shares in Robinhood, an American financial services provider. Interestingly, this news comes hours after BlockFi filed for chapter 11 bankruptcy protection. BlockFi’s complaint…
Continue ReadingOn 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…
Continue ReadingThe filing indicates that the firm could have up to $10 billion in liabilities, as contagion from FTX spreads. BlockFi has filed for chapter 11 bankruptcy, according to a press…
Continue ReadingCrypto lending company BlockFi filed for chapter 11 bankruptcy protection in the U.S., District of New Jersey. Earlier this year, the Company was impacted by the collapse of the Three…
Continue ReadingFollowing the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive…
Continue ReadingThe collapse of FTX crypto exchange is brewing several reactions both within and outside the crypto industry, such as the recent probe on Binance. First, from the sudden meltdown of…
Continue ReadingIt’s time for NYDIG to chip in. The FTX fiasco is the theme of the month in the crypto world, and the show’s just beginning. The NYDIG research team avoids…
Continue ReadingBears are better positioned for Friday’s $600 million BTC options expiry, but bulls can flip the tables if Bitcoin price trades above $18,000. No one can blame Bitcoin (BTC) bulls…
Continue ReadingFollowing Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that…
Continue ReadingBlockFi, a cryptocurrency platform offering multiple financial products like low-interest loans and a crypto rewards credit card, could become the latest casualty following the FTX collapse that continues to hurt…
Continue ReadingBlockFi’s initial denial that FTX held the majority of its assets might not ring true as it appears it might file for bankruptcy SALT, another lending protocol recently paused withdrawals…
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