The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors.
Crypto Lender BlockFi Ordered to Withdraw Unapproved Reorganization Plan Shared ‘Prematurely’
The bankrupt estate was ordered to issue a corrective letter clarifying its May 13 disclosure statement was not approved by court.
BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management
The creditors committee said in a court filing that BlockFi was pressing a “false case narrative” by portraying itself as a victim, and more blame should be placed on its management.
BlockFi Claims Against FTX, Alameda ‘Largest Driver’ of More Than $1B in Asset Recoveries, Firm Says
The litigation supporting claims against its commercial counterparties is set to make a difference “in excess of $1 billion” to creditors, court filings say.
BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says
BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients rather than the estate of the bankrupt crypto lender.
Circle and BlockFi questioned on banking with SVB by Warren and AOC
Circle and BlockFi executives were questioned after the lawmakers accused SVB of “coddling” and giving “white glove” treatment to its largest depositors.
Sen. Warren, Rep. AOC Ask Circle, BlockFi Why They Banked at SVB
Sen. Elizabeth Warren (D-Mass.) and Congresswoman Alexandria Ocasio-Cortez (D-New York) want to know why crypto companies, like bankrupt crypto lender BlockFi and stablecoin issuer Circle, banked at now-collapsed Silicon Valley Bank.
Bankruptcy Trading Platform Xclaim Closes $7M Round as It Adds Crypto Focus
Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018.
BlockFi to provide over $100K in refunds to California clients
At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn’t need to, according to court documents.
Bankrupt Crypto Lender BlockFi to Refund More Than $100K to California Clients
The company will distribute more than $100,000 in loan repayment refunds through its servicer to former clients, pending bankruptcy court approval.
Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
BlockFi filed for bankruptcy in the wake of FTX’s collapse.
BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF
BlockFi’s capital allocated to the money market mutual fund is not FDIC insured, however the fund doesn’t appear to be managed by Silicon Valley Bank.
BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor
Gemini is accused of providing BlockFi with custodial services and misleading information to help BlockFi market its alleged unregistered securities.
BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
Emergent Fidelity case is “futile,” says the bankrupt crypto lender which is seeking access to its 55 million Robinhood shares.
Robinhood board gives nod to buy Sam Bankman-Fried’s $578M stake
The shares were bought by FTX founder Sam Bankman-Fried and co-founder Gary Wang last year and have been tussled over since the collapse of FTX.
BlockFi gets court nod to sell crypto mining assets
It is understood that BlockFi wants to get bids in as quickly as possible to make the most of the current market conditions.
Breaking: BlockFi reportedly posts uncensored financials revealing $1.2 billion FTX exposure
The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake.
BlockFi to sell $160M in Bitcoin miner-backed loans: Report
The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24.
BlockFi exec argues bankruptcy court should approve bonuses to retain talent
According to Megan Crowell, losing certain employees could “severely [limit] the debtors’ options” amid bankruptcy proceedings.