BlockFi

BlockFi has announced the sale of FTX claims, enabling the near-final distribution of 100% of all permitted customer and unsecured creditor claims. BlockFi’s plan administrator has announced the sale of FTX’s claims, paving the way for…

The cryptocurrency industry has faced significant challenges in recent times, with the collapse of prominent players like FTX shaking the confidence of investors and users alike. Amidst this turbulent landscape,…

Bankrupt crypto lending platform BlockFi recently announced that it will begin paying back customers who failed to complete withdrawals through the platform this month. Following the web platform’s shutdown in May, temporary crypto…

BlockFi, a bankrupt cryptocurrency lender, has announced a major step in its efforts to repay its customers. In a post on X on Wednesday, the lender noted that the first interim distribution of funds to customers through…

Main TakeawaysBlockFi, a prominent crypto lender, filed for Chapter 11 bankruptcy in November 2022 due to its significant exposure to the collapse of FTX and Alameda Research.The company's repayment plan, which…

The cryptocurrency lending and borrowing scene has faced significant turmoil in recent years, with several prominent players such as Celsius, Voyager Digital, and Genesis collapsing. Amid this turbulent environment, BlockFi, a thriving…

Bankrupt firms BlockFi and FTX have announced an agreement “in principle” to settle their disputes. According to a March 6 court filing, FTX has committed to paying up to $874.5 million to BlockFi, marking a potential…

FTX and Alameda have settled their disputes with BlockFi, agreeing to pay the firm up to $874 million, subject to court approval. Bankrupt crypto companies FTX and BlockFi have reportedly settled their disputes arising from their collapses…

A settlement between defunct crypto lending company BlockFi and the collapsed hedge fund Three Arrows Capital (3AC) was approved by a US bankruptcy court on February 7. The specific terms of the settlement, though, remain…

FTX and BlockFi have received the approval to resume proceedings for the negotiation of claims settlement in the aftermath of BlockFi's bankruptcy filing last year. This step allows FTX to present its arguments, paving the way for a…