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6 days ago · BlockFi was among the first victims of the contagion caused by the collapse of crypto exchange FTX in early November 2022. The crypto lender filed for Chapter 11 bankruptcy protection on Nov. 28 ...
5 days ago · BlockFi, a New Jersey company, had over $1.2 billion in assets tied up in crypto behemoth FTX and its trading arm Alameda Research before they both collapsed. The administrator said the sale of BlockFi's claims against FTX “at a substantial premium to their face value” recovered the funds to repay customers. Edited by Ryan Ozawa. Daily Debrief Newsletter. Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Jul 18, 2024 · BlockFi was the first victims of the contagion caused by crypto exchange FTX’s collapse in early November 2022 and filed for Chapter 11 bankruptcy protection on Nov. 28, 2022, less than a month...
BlockFi was a digital asset lender founded by Zac Prince and Flori Marquez in 2017. It was based in Jersey City, New Jersey. It was once valued at $3 billion. In July 2022, it was announced that the cryptocurrency exchange FTX made a deal with an option to buy BlockFi for up to $240 million. The deal included a $400 million credit facility for ...
3 days ago · CryptoCurrency blockfi. The bankruptcy estate of the now-collapsed crypto lending platform BlockFi announced yesterday (Thursday) its plans to return “100 percent” of the distressed clients’ claims. However, it will calculate the value of the claims based on the date of the bankruptcy and not the current crypto market value.
Mar 6, 2024 · BlockFi has settled with the estates of FTX and Alameda Research for nearly $1 billion dollars. The three companies had a long and complicated relationship, but this settlement brings BlockFi...
May 10, 2024 · Bankrupt crypto lender BlockFi is completing its wind-down of operations, revealing its intention to shut down its web platform in May. BlockFi has partnered with Coinbase to allow clients to...
6 days ago · BlockFi completes sale of FTX claims, prepares for final creditor distributions | The Block. The Block announces Emergence: join us in Prague December 5-6, 2024. Learn More. . The transaction will enable a final distribution of 100% of eligible customer and general unsecured creditor claims, the firm said.
Nov 28, 2022 · BlockFi, a cryptocurrency lender that targeted ordinary investors eager for a piece of the crypto mania, filed for bankruptcy on Monday, felled by its financial ties to FTX, the embattled...
2 days ago · BlockFi has finally won court approval to fully repay its customers and unsecured creditors, closing a prolonged chapter of uncertainty. The court’s decision on Thursday allows the company to return 100% of customers’ assets, a development that follows BlockFi’s filing to monetize $874.5 million in claims against FTX.
