In a recent update, Zac Prince, the founder and former CEO of the now-bankrupt cryptocurrency lender BlockFi, has shared insights into the company’s bankruptcy proceedings and his future career plans.
FTX and BlockFi claimants received legit-looking fraudulent emails luring them with a promise of instant withdrawals.
Bankrupt crypto lender BlockFi, which was caught in the contagion of FTX and declared bankruptcy days after the exchange's collapse, has reached an "in principle" agreement with the estates of FTX ...
In its bankruptcy filing in November 2022, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for its collapse. Separately, FTX founder Sam Bankman-Fried is currently ...
Under the new settlement, FTX agreed to prioritize a $250 million payment to BlockFi, and the remainder of the settlement is contingent on its efforts to repay its own customers in bankruptcy.
The settlement is subject to approval by U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware. BlockFi and FTX had sued each other in 2023, seeking to recover money they had loaned each other ...
Even though Prince has moved on from BlockFi, he says his crypto will remain on the platform until all of the lender’s former clients have been made whole. “As part of our bankruptcy process ...
FTX proposed bankruptcy repayment still faces significant ... customer repayment in recent crypto bankruptcies, including the BlockFi and Genesis Global cases. If the government does not agree ...
If that's the case for you, there are options, like bankruptcy and credit card debt relief, that can help. Both options aim to help you resolve issues with overwhelming debt, making them worth ...
NEW YORK: BlockFi has emerged from bankruptcy, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in the ...