BlockFi Estate Clients To Get 100% of Eligible Claims
BlockFi clients have to sign up for Coinbase before August 23 to receive their crypto claims. Other clients will receive cash. In the most recent development, BlockFi, a defunct crypto lender, announced that its clients could receive 100% of the eligible claims based on their current recovery efforts. This announcement coincides with the start of the […]
BlockFi to Shuts Down Web Platform, Partners with Coinbase
Bankrupt cryptocurrency lender BlockFi announced its intention to shut down its web platform in May and partner with Coinbase to enable customers to access and withdraw funds. The company announced in a blog post that “eligible BlockFi Interest Accounts (BIA), Retail Loans, and Private Clients” can withdraw funds through its partnership with Coinbase. BlockFi initiated […]
BlockFi’s Bankruptcy Case Rewards Lawyers with $21 Million in Fees
The law firms representing BlockFi, a failed crypto lender, have earned a staggering $21 million in fees for their work in the Chapter 11 proceedings, which involved complex and unprecedented legal issues. BlockFi, a cryptocurrency lending platform that offered high-interest loans and deposits, filed for Chapter 11 bankruptcy protection in July 2023 after suffering massive […]
BlockFi Emerges From Bankruptcy, Opens Wallet Withdrawals
BlockFi announced on Oct. 24 that it has emerged from bankruptcy and can now enact the various parts of its bankruptcy plan, including a wind-down. BlockFi, a troubled Bitcoin lending platform forced to cease withdrawals when FTX failed, has announced that it will emerge from bankruptcy faster than planned and that its bankruptcy plan will […]
US BlockFi Clients Free to Withdraw Funds After Court Order
Numerous US-based clients of the defunct crypto lending firm, BlockFi, have reported being able to access their accounts following a directive from the U.S. Bankruptcy Court. Following an injunction from a U.S. bankruptcy court, many clients of the now-defunct crypto lending company BlockFi have reported being able to withdraw money for the first time in […]