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…
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…
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…
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…
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