Tag blockfi

California Revokes BlockFi’s License Permanently

California Revokes BlockFi’s License Permanently

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 denies repayment entitlement to FTX and 3AC

BlockFi denies repayment entitlement to FTX and 3AC

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 CEO Allegedly Ignored FTX’s Red Flags 

Blockfi CEO Allegedly Ignored FTX's Red Flags 

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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