Key Takeaways Leading crypto exchange, BlockFi Inc.’s bankruptcy estate has dropped a lawsuit, which looked to transfer a staggering $35 million in crypto assets from the exchange to the U.S. government. The motion to dismiss the lawsuit filed in May…
Key Takeaways The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of bankrupt BlockFi. The decision, announced on November 7, comes after a lengthy investigation by the DFPI, revealing several violations of state finance laws…
BlockFi is wrapping up its operations and announcing the closing of its online platform in May. Coinbase and BlockFi have teamed up to withdraw money.
Key Takeaways In a notable development BlockFi, a company previously entangled in financial distress following the collapse of Terra’s stablecoin in mid-2022, has reached a substantial in-principle settlement totaling $874.5 million with FTX and Alameda Research estates. This agreement, revealed…
The US court accepted a settlement resolving claims and disputes between 3AC and BlockFi, but she ordered that the specifics be confidential.
Cryptocurrency lending firm BlockFi has declared bankruptcy and is prepared to reimburse some debtors.
Key takeaways: In its ongoing legal battle, struggling cryptocurrency lender BlockFi is aiming to thwart attempts by FTX and Three Arrows Capital (3AC) to reclaim billions of dollars exchanged before their collapse last year. BlockFi alleges that it was ensnared…
BlockFi has announced that the US Bankruptcy Court has provisionally authorized its disclosure statement.
key takeaways: In the fast-paced world of cryptocurrency, partnerships and collaborations can make or break a company’s success. Recently, BlockFi, a prominent crypto lending platform, has been making headlines for allegations that its CEO disregarded warning signs associated with its…
The SEC will delay collecting the $30.2 million fine that is due from bankrupt crypto lender BlockFi.
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