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Jul 23, 2024 · The administrator of crypto lender BlockFi is seeking an order which would provide for final distribution to all eligible customers and unsecured creditors, it announced on Monday.
BlockFi was a digital asset lender founded by Zac Prince and Flori Marquez in 2017. [1] It was based in Jersey City, New Jersey. [2] [3] It was once valued at $3 billion. [4] 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 ...
Jul 18, 2024 · Bankrupt crypto lender BlockFi will commence first interim crypto distributions through Coinbase (COIN) in July 2024, it announced on Thursday.
Nov 30, 2022 · BlockFi, a crypto lending company, was founded in October 2017 and filed for bankruptcy just over five years later in the wake of FTX's collapse. By Robert Stevens. Nov 30, 2022 at 9:43 p.m. UTC....
Jan 8, 2024 · With BlockFi you can borrow cash against your crypto with same-day funding and no prepayment penalties. And they offer a BlockFi Rewards Visa® Signature Credit Card that gives you Bitcoin back on every purchase. Plus you can get up to $250 in Bitcoin when you fund your account.
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...
1 day ago · Fast forward to July 25, 2024, BlockFi announced the completion of the sale of its FTX claims, marking a crucial step towards its wind-down. The recent settlement represents a critical milestone in BlockFi’s bankruptcy proceedings. BlockFi monetized its claims against FTX through a transaction with a third-party claims purchaser as part of ...
Oct 24, 2023 · BlockFi filed for bankruptcy on November 28, less than a month after the fall of crypto exchange FTX and its sister trading firm Alameda Research. The company had $1.2 billion in exposure to both firms, which are now alleged to have engaged in a multi-billion dollar fraud using customer assets.
Nov 28, 2022 · The cryptocurrency trading and lending platform BlockFi filed for Chapter 11 bankruptcy on Monday, deepening the uncertainty for customers who already had been unable to access their deposits for...
Aug 17, 2023 · Many customers at defunct crypto lending firm BlockFi have reported being able to withdraw funds for the first time in months following an order from a United States bankruptcy court.
