BlockFi Victims Will Receive Compensation
As the U.S. bankruptcy court in New Jersey provisionally accepts its disclosure statement, the beleaguered cryptocurrency lender, BlockFi moves closer to paying back its consumers. BlockFi’s efforts to restructure and reimburse its customers have advanced thanks to the U.S. bankruptcy court in New Jersey’s conditional approval of its disclosure statement. Mark Renzi, Berkeley Research Group’s […]
US Bankruptcy Court Conditionally Approves BlockFi’s Chapter 11 Plan
United States Bankruptcy Court for the District of New Jersey has conditionally approved BlockFi’s disclosure statement, indicating that the company’s reorganization is advancing incrementally. BlockFi and the Official Committee of Unsecured Creditors issued a joint statement on August 2, 2023, urging all eligible parties to vote in favor of the plan by September 11, 2023. […]
SEC Waives $30.2M Fine from BlockFi to Prioritize Investors
The agency agreed to defer its claim against the crypto lender BlockFi to ensure investors are repaid in full without delay. According to a court filing dated June 22, the U.S. Securities and Exchange Commission (SEC) has decided to delay collecting a $30.2 million fine from defunct crypto lender BlockFi. The move comes as part […]
Creditors File New Court Case Against BlockFi
Creditors of the insolvent crypto lending company BlockFi have filed a new court document claiming the company used customer money to buy $30M insurance. BlockFi presented its Chapter 11 reorganization plan to the United States Bankruptcy Court in Trenton, New Jersey, on May 12. The company stated that selling BlockFi may need to generate more […]
BlockFi Wins Extension for Bankruptcy Plan
BlockFi, the crypto lending platform that went bankrupt after the FTX crash, has secured more time to submit its bankruptcy plan. BlockFi, the crypto lending platform that filed for bankruptcy in November 2022 after the FTX crash, has won a few more weeks (May 15) to come up with a plan to restructure its business […]