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BlockFi was a digital asset lender founded in 2017 and based in New Jersey. It filed for Chapter 11 bankruptcy in 2022 after losing access to its funds in the FTX collapse, and later emerged from bankruptcy in 2023.
Jul 27, 2024 · BlockFi, a cryptocurrency lender, has received court approval to fully repay its customers and unsecured creditors after nearly two years of financial turmoil and legal battles. The company sold its claims against FTX, which collapsed in 2022, and expects to distribute crypto or cash assets by August 2024.
Jul 23, 2024 · BlockFi, a bankrupt crypto lender, has closed a deal to recover $874.5 million from FTX and plans to distribute it to eligible claims. The administrator expects to complete the final distribution by July 2024, after the first interim crypto distribution through Coinbase.
- amitoj.singh@coindesk.com
- Regulatory Reporter-India
Nov 30, 2022 · BlockFi, a crypto lending company, filed for bankruptcy in 2022 after relying on FTX for its credit facility. Learn how BlockFi grew from a startup to a major player in the crypto market, and what challenges it faced along the way.
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...
Jul 18, 2024 · BlockFi, a bankrupt crypto lender, will start interim crypto distributions to eligible clients through Coinbase in July 2024. The announcement follows its settlement with FTX and Alameda Research for nearly $1 billion in 2024.
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