The BlockFi bankruptcy case, culminating in a significant payout to its legal team, underscores the intricate and costly nature of legal battles in cryptocurrency. As firms like Kirkland & Ellis ...
According to the bankruptcy code, debtors are expected to present a Chapter 11 plan within 120 days of filing for bankruptcy. For BlockFi, the company needed to submit a plan by March 27.
According to a source that spoke with Decrypt, alongside the bankruptcy proceedings, BlockFi will also be laying off a “large portion” of its staff. With the recent implosion of FTX and the connected ...
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 ...
There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events in detail.
Renzi said that BlockFi had sold a portion of its crypto assets earlier in November to fund its bankruptcy. Those sales raised $238.6 million in cash, and BlockFi now has $256.5 million in cash on ...
NEW YORK: BlockFi, the first direct casualty of crypto exchange FTX’s collapse, tells a US bankruptcy judge that the US cryptocurrency lender was “the antithesis of FTX” and that it would ...
and who has jurisdiction over these issues — the criminal courts or the bankruptcy courts. In the BlockFi case, the DOJ seized assets of the company pursuant to criminal and civil forfeitures, arguing ...
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 ...
Clothing retailer Express has filed for chapter 11 bankruptcy with initial plans to close stores and sell most of its remaining locations and operations. The Columbus, Ohio-based business on ...
Express has filed for bankruptcy and plans to close nearly 100 of its 500 retail locations, the Columbus, Ohio-based clothing retailer said on Monday. Express reported nearly $1.2 billion in total ...
Bankruptcy, on the other hand, is a legal debt relief avenue by which the courts can require your lenders to discharge your debt (Chapter 7 bankruptcy) or work with you to restructure your assets ...