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BlockFi Administrator Submits Plan in Court to Make Customers Whole

[Jul 22 11:56 PM] "This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi," said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc.

Blockfi to Begin Interim Crypto Distributions via Coinbase This Month

[Jul 19 3:30 PM] Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for bankruptcy protection in…

BlockFi to Start Interim Crypto Distributions Through Coinbase This Month

[Jul 18 5:45 AM] Bankrupt crypto lender BlockFi will commence first interim crypto distributions through Coinbase in July 2024, it announced on Thursday.

BlockFi confirms July start for interim crypto distributions

[Jul 18 1:38 AM] BlockFi clients are to note that client communications will exclusively occur via official email channels.

Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued 

[Jun 15 7:20 AM] The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection…

Legal fees skyrocket in high-profile crypto bankruptcies

[May 31 3:53 AM] High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis.

Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts 

[May 10 7:43 AM] The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible…

BlockFi’s Zac Prince Leaves Crypto, Joins Real Estate Tech Startup Re Cost Seg

[Mar 11 6:30 AM] Prince says he considered starting a new company in the crypto space, but wants something with a regular work week and lacks the octane and volatility of the industry.

BlockFi Settles With FTX, Alameda Estates for $874.5M

[Mar 6 5:26 PM] The settlement with FTX and Alameda Research is a key part of BlockFi's bankruptcy and reorganization plan.

FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings

[Dec 28, 2023 10:30 AM] On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Consequently, an individual…

FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules

[Nov 14, 2023 5:20 AM] BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two.

Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0

[Nov 5, 2023 8:04 PM] “The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.

BlockFi emerges from bankruptcy and opens wallet withdrawals

[Oct 24, 2023 1:26 PM] BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests.

Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy

[Oct 14, 2023 1:30 PM] Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans…

BlockFi CEO’s Key Testimony: Insights Into Alameda’s Financial Stability In FTX Trial

[Oct 13, 2023 8:00 PM] The trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom.  Prince’s appearance provided valuable insights into the…

BlockFi Bankruptcy Judge Says He Wants 3AC’s $284M Claim Resolved in Mediation

[Oct 10, 2023 1:23 PM] Failed crypto hedge fund Three Arrows Capital’s (3AC) attempt to pursue a $284 million claim against crypto lender BlockFi was put into mediation by the U.S. bankruptcy judge overseeing BlockFi’s case.

BlockFi Says It's Taken Major Step Toward Emerging From Bankruptcy

[Sep 29, 2023 2:59 PM]

Crypto lender BlockFi gets court nod to repay customers

[Sep 26, 2023 4:18 PM] The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment.

Coinbase Launches Crypto Lending Service for Institutional Investors

[Sep 7, 2023 7:30 PM] Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like…

FTX, BlockFi, Genesis Customer Data Compromised in Kroll Hack

[Aug 25, 2023 1:44 AM] A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies.

BlockFi argues FTX, Three Arrows Capital isn't entitled to repayments

[Aug 22, 2023 7:38 PM] BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud.

BlockFi opens crypto withdrawals for eligible US users following court order

[Aug 17, 2023 9:51 AM] The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds.

Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan

[Aug 8, 2023 8:02 AM] The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.

Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients

[Aug 2, 2023 10:15 PM] A disclosure statement is an official, court-approved document outlining the debtor’s assets and liabilities.

BlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say

[Jul 17, 2023 10:08 AM] The crypto lender saw “the exact same balance sheet” later published by CoinDesk but still put clients' money in Sam Bankman-Fried’s companies, a scathing new report claims.

BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: Court filing

[Jul 14, 2023 2:00 PM] Crypto lending firm BlockFi had roughly $1.2 billion in assets tied to FTX and Alameda Research when the firm filed for bankruptcy in November 2022.

Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi

[Jul 7, 2023 11:41 AM] A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.

BlockFi Bankruptcy Plans Opposed by FTX, Three Arrows, and SEC

[Jul 6, 2023 2:51 AM] Multiple defunct crypto companies are now scrambling to resolve complex financial ties as they seek to repay creditors and customers

Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

[Jun 28, 2023 3:30 PM] The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.

‘End the Extortion:’ BlockFi Creditors File to Liquidate Estate

[Jun 28, 2023 1:53 AM] Creditors accuse CEO Zac Prince of defrauding customers and the company of “mischief” in delaying a wind-up.