On Monday, crypto lender BlockFi filed for Chapter 11 bankruptcy protections in the aftermath of FTX’s implosion Ironically, BlockFi lists FTX as its #2 creditor after a substantial bailout earlier ...
NEW YORK — BlockFi CEO Zac Prince resumed his testimony against former counterparty Sam Bankman-Fried on Friday, detailing to the court how his lending firm was forced to declare bankruptcy because of ...
BlockFi's Chapter 11 bankruptcy troubles began with FTX, a BlockFi advisor said in a court filing, with a liquidity injection that was supposed to save the company. BlockFi advisor Mark Renzi said ...
Tensions have escalated between the BlockFi Creditors Committee and the beleaguered digital asset lender's management, with the former rebuffing BlockFi's assertion that it fell victim to FTX and ...
Crypto lender BlockFi filed for Chapter 11 bankruptcy protection on Monday in the wake of FTX's catastrophic implosion, which continues to send ripples through the industry. BlockFi has over 100,000 ...
As cryptocurrency lenders crumbled earlier this year, billionaire Sam Bankman-Fried swooped in several times as a backstop. His actions prodded creative headline writers to evoke the market panic of ...
Financial documents that were mistakenly uploaded from bankrupt crypto firm BlockFi show a $1.2 billion relationship with FTX and Alameda Research. The presentation, assembled by M3 Partners, offers a ...
BlockFi has filed for chapter 11 bankruptcy, according to a press release. The lending platform is the latest victim of contagion within the industry that originated with the collapse of the ...
A winding-up petition hearing for the beleaguered Bermudian-based crypto lender, BlockFi International Ltd, was adjourned until June 9 by Chief Justice Narinder Hargun on Friday. The hearing was a ...
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of ...
BlockFi says they have engaged Coinbase (NASDAQ:COIN) as their distribution partner to ensure continuity of crypto withdrawals available to their eligible BlockFi Interest Account (BIA), Retail Loan, ...
On Thursday, sources told CNBC that FTX was close to finalizing a deal to buy struggling crypto lender BlockFi for $25 million — a price tag far below BlockFi’s last private valuation of $1 billion.