BlockFi Financial News

25.03 / 16:51

BlockFi FTX creditors Phishing scams Sophisticated Email Phishing Targets Bankrupt Crypto Firms’ BlockFi, FTX Creditors

Crypto scammers are targeting the creditors of bankrupt digital asset firms FTX and BlockFi, according to online blockchain sleuth Plumferno.

27.07 / 19:55

Platform coinbase security FTX BlockFi stage Courts Customers BlockFi Wins Court Approval to Fully Repay Customers and Unsecured Creditors After Nearly Two Years

BlockFi, the beleaguered cryptocurrency lender, has received court approval to repay 100% of customers’ funds and unsecured creditors after nearly two years of financial turmoil and legal battles.

18.07 / 08:35

coinbase lending BlockFi Bankrupt Crypto Lender BlockFi to Initiate Temporary Distribution via Coinbase in July

Bankrupt crypto lending platform BlockFi is set to commence its first temporary distribution of crypto assets through Coinbase starting in July.

10.05 / 06:53

Digital CEO Platform coinbase Nov BlockFi BlockFi Shuts Web Platform, Partners with Coinbase for Crypto Withdrawals

Embattled crypto lender BlockFi announced Thursday that it plans to close its web platform this month, and is partnering with Coinbase to distribute funds to clients.

12.03 / 03:01

Real Estate BlockFi Former BlockFi CEO Announces New Career Path – And Settles Lost Bet On His Company’s Bankruptcy

Zac Prince, the former BlockFi CEO, is breaking into real estate tech now that his defunct crypto lending firm is on a safe path to recovery.

07.03 / 07:53

FTX BlockFi Bankruptcy BlockFi to Receive $874.5 Million From Settlement with FTX and Alameda Research

BlockFi has finalized a settlement with FTX and Alameda Research to receive $874.5 million to help repay customers affected by its bankruptcy.

26.10 / 07:51

cryptocurrency FTX BlockFi cryptocurrency industry Crypto lender BlockFi emerges from bankruptcy

BlockFi emerged from bankruptcy on Tuesday, nearly 11 months after it was swept away by the turbulence in the cryptocurrency industry following the collapse of FTX. In its bankruptcy filing in November last year, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for the crisis it was facing. On Tuesday, the company said it would officially begin enacting the actions detailed in its bankruptcy plan, like recovering assets it believes are owed to it by FTX, Three Arrows Capital and others. Any attempts to recover assets from those companies, however, will likely be contentious as both are themselves waddling through their respective bankruptcy processes.

25.10 / 05:39

FTX BlockFi Alameda BlockFi Clients Can Now Submit Withdrawal Requests as Bankruptcy Plan Takes Effect

The US-based crypto lending company BlockFi has emerged from bankruptcy, allowing clients to begin the process of withdrawing their assets.

12.10 / 00:17

FTX BlockFi Three Arrows Capital 3AC Federal Judge Orders Mediation for BlockFi and Three Arrows Capital Dispute Over $284 Million Payments

A US bankruptcy judge, in order to resolve the legal battle over a significant $284 million claim by bankrupt crypto hedge fund Three Arrows Capital (3AC) against crypto lender BlockFi, has ordered them to enter mediation.

25.08 / 12:31

FTX Hacking BlockFi Cybersecurity Breach at Kroll Affects FTX and BlockFi Claimants' Data

A cybersecurity breach at FTX’s bankruptcy claims agent Kroll has compromised user data from both FTX and the bankrupt crypto lender BlockFi.

23.08 / 09:57

FTX BlockFi Three Arrows Capital BlockFi Challenges FTX, Three Arrows in Legal Dispute Over Repayments

Bankrupt crypto lender BlockFiis trying to block efforts from FTX and Three Arrows Capital (3AC) to recover billions of dollars transacted between the firms before they collapsed last year.

18.08 / 09:29

FTX BlockFi Alameda Withdrawals BlockFi Complies with Court Order, Permits Crypto Withdrawals for Eligible US Users

On August 17, BlockFi, a New Jersey-based crypto lending company, stated that it had initiated withdrawals for eligible users' wallets in the US in compliance with a court order issued by the US Bankruptcy Court for the District of New Jersey.

17.07 / 22:29

Legal FTX BlockFi Bankruptcy Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet

According to a recently unsealed report made in Friday's court filing, BlockFi Inc. executives ignored repeated warnings from their risk management team regarding significant loans to Sam Bankman-Fried's Alameda Research, collateralized with digital tokens from FTX.

06.07 / 14:59

SEC BlockFi Bankruptcy 3AC FTX, Three Arrows, and SEC Join Forces Against BlockFi's Bankruptcy Plans, Unveiling Billion-Dollar Dispute

FTX, Three Arrows Capital (3AC), and the Securities and Exchange Commission (SEC) have united against BlockFi's bankruptcy plans, revealing a billion-dollar dispute that has brought them together.

11.03 / 12:47

BlockFi Bankruptcy Silicon Valley Bank Bankrupt crypto Bankrupt Crypto Lending Platform BlockFi Faces Potential $227 Million Loss in Uninsured Funds at Silicon Valley Bank – What's Going On?

Bankrupt crypto lender BlockFi has $227 million in uninsured funds stuck in an account maintained by failed lender Silicon Valley Bank.

04.03 / 12:47

Silvergate BlockFi Bankruptcy Crypto Bank Silvergate Forced to Return $9.85M Deposit to BlockFi in Ongoing Bankruptcy Dispute

Crypto-friendly bank Silvergate has been forced to return $9.85 million to BlockFi as part of the crypto lender’s ongoing bankruptcy proceedings.

29.11 / 16:03

Robinhood Legal FTX BlockFi Bankrupt crypto Fried Sam Bankrupt Crypto Firm BlockFi Sues FTX Founder Sam Bankman-Fried For $580 Million

Bankrupt crypto lender BlockFi is suing FTX's founder Sam Bankman-Fried to seize shares in the US trading platform Robinhood, allegedly pledged as collateral by the former FTX CEO just days before the exchange notoriously imploded.

28.11 / 19:13

cryptocurrency BlockFi Bankruptcy Crypto lender BlockFi files for bankruptcy protection in US

Cryptocurrency lender BlockFi said on November 28 that it was filing for bankruptcy protection in the United States.

16.11 / 13:33

lending FTX BlockFi Crypto Lender BlockFi Pauses Platform Activity, Prepares for Bankruptcy Amid FTX Drama

Crypto lender BlockFi has continued to pause withdrawals amid the fallout of cryptocurrency exchange FTX, saying that they are exploring all scenarios to find the best path forward.

25.09 / 11:11

Digital BlockFi exit Bankrupt crypto Bankrupt crypto lender Voyager's CFO to exit months after appointment

Voyager Digital Ltd Chief Financial Officer Ashwin Prithipaul is preparing to step down from his role within months of his appointment at the crypto lender that filed for bankruptcy in July. The company said on Friday the finance head would resign after a «transition period» to pursue other opportunities, and that Chief Executive Officer Stephen Ehrlich will head the role in the interim. Crypto lenders such as Voyager boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. But inflation and subsequent rate hikes by the U.S. Federal Reserve led to a wide sell-off in the alternative asset class that dealt a heavy blow to several companies in the sector.

01.07 / 08:37

lending M&A FTX BlockFi Ledn reports FTX and Ledn Compete for Troubled BlockFi - Reports

Both major crypto exchange FTX and crypto lender Ledn have reportedly joined the race for a stake in the troubled crypto lender BlockFi.

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