The company will distribute more than $100,000 in loan repayment refunds through its servicer to former clients, pending ...
BlockFi recently received approval from the bankruptcy court in New Jersey to sell 6,400 of its cryptocurrency mining rigs worth approximately $4.7 million. U.S. Farms & Mining Opportunity Fund ...
California's financial watchdog, the Department of Financial Protection and Innovation, had suspended BlockFi’s lending ...
The refunds stem from BlockFi’s conduct following the crash of the FTX cryptocurrency exchange. On November 10, 2022, BlockFi paused its platform and prohibited consumer withdrawals given its exposure ...
California’s financial watchdog claims BlockFi failed to "provide timely notification to borrowers that they could stop repaying their BlockFi loans," resulting in repayments of over $100,000.
Bankrupt crypto lender BlockFi will refund more than $100,000 to its California-based users who continued to repay loans even ...
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 ...
The federal bankruptcy court administering the case of BlockFi has approved the sale of nearly 6,400 mining rigs for $4.7 million to U.S. Farms & Mining Opportunity Fund, according to court ...
Another crypto lender, BlockFi, succumbed to bankruptcy in November 2022. BlockFi’s downfall was partly tied to FTX as it relied upon a $400 million “credit facility” to stay above water after ...
After filing for bankruptcy in November, BlockFi kept $227 million in unprotected funds via a money market mutual fund, the U.S. Trustee wrote in a court filing on March 10. Funds in a money ...
According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley ...
Stinson’s Thomas Salerno analyzes the scope of cryptocurrency bankruptcies that are rippling through various sectors, while ...
