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.
2 / 3 Relevant items tagged with #BlockFi
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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.
SEC Relinquishes $30M BlockFi Penalty Until Investors Are Repaid
[Jun 23, 2023 2:26 AM] The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors.
Crypto Lender BlockFi Shared Unapproved Reorganization Plan 'Prematurely,' Court Says
[May 22, 2023 6:27 AM] The bankrupt estate was ordered to issue a corrective letter clarifying its May 13 disclosure statement was not approved by court.
The Kingdom of Bhutan’s Business Division Explores Crypto Ventures With Bitdeer Partnership
[May 21, 2023 11:30 PM] A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto company…
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
[May 16, 2023 4:00 AM] The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has…
BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management
[May 16, 2023 1:08 AM] The creditors committee said in a court filing that BlockFi was pressing a “false case narrative” by portraying itself as a victim, and more blame should be placed on its management.
BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says
[May 15, 2023 8:07 AM] The litigation supporting claims against its commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say.
BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says
[May 11, 2023 9:04 AM] BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients rather than the estate of the bankrupt crypto lender.
Circle and BlockFi questioned on banking with SVB by Warren and AOC
[Apr 11, 2023 6:32 PM] Circle and BlockFi executives were questioned after the lawmakers accused Silicon Valley Bank of “coddling” and giving “white glove” treatment to its largest depositors.
Sen. Warren, Rep. AOC Ask Circle, BlockFi Why They Banked at SVB
[Apr 11, 2023 3:54 PM] Sen. Elizabeth Warren (D-Mass.) and Congresswoman Alexandria Ocasio-Cortez (D-New York) want to know why crypto companies, like bankrupt crypto lender BlockFi and stablecoin issuer Circle, banked at now-collapsed Silicon Valley Bank.
Bankruptcy Trading Platform Xclaim Closes $7M Round as It Adds Crypto Focus
[Apr 11, 2023 7:00 AM] Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018.
BlockFi to provide over $100K in refunds to California clients
[Mar 27, 2023 9:13 PM] At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents.
Bankrupt Crypto Lender BlockFi to Refund More Than $100K to California Clients
[Mar 27, 2023 2:40 PM] The company will distribute more than $100,000 in loan repayment refunds through its servicer to former clients, pending bankruptcy court approval.
Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
[Mar 24, 2023 11:39 AM] BlockFi filed for bankruptcy in the wake of FTX's collapse.
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF
[Mar 10, 2023 7:27 PM] BlockFi’s capital allocated to the money market mutual fund is not FDIC insured, however the fund doesn’t appear to be managed by Silicon Valley Bank.
BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor
[Mar 1, 2023 11:43 PM] Gemini is accused of providing BlockFi with custodial services and misleading information to help BlockFi market its alleged unregistered securities.
Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’
[Feb 28, 2023 1:00 PM] According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several…
Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy
[Feb 10, 2023 11:30 AM] Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about…
Robinhood board gives nod to buy Sam Bankman-Fried's $578M stake
[Feb 8, 2023 7:10 PM] The shares were bought by FTX founder Sam Bankman-Fried and co-founder Gary Wang last year and have been tussled over since the collapse of FTX.
Elementus Raises $10 Million to Bring Clear Blockchain Analytics to Institutional Customers
[Feb 8, 2023 3:30 AM] Elementus, a New York-based blockchain firm, has raised $10 million as part of its Series A-2 funding round, led by Web3 VC company Parafi Capital. The raise, which values the company at $160 million, aims to allow Elementus to keep improving its…
BlockFi gets court nod to sell crypto mining assets
[Jan 31, 2023 12:01 AM] It is understood that BlockFi wants to get bids in as quickly as possible to make the most of the current market conditions.
Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research
[Jan 25, 2023 9:00 AM] Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure…
Breaking: BlockFi reportedly posts uncensored financials revealing $1.2 billion FTX exposure
[Jan 24, 2023 7:33 PM] The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake.
BlockFi to sell $160M in Bitcoin miner-backed loans: Report
[Jan 24, 2023 12:14 AM] The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24.
BlockFi exec argues bankruptcy court should approve bonuses to retain talent
[Jan 23, 2023 2:45 PM] According to Megan Crowell, losing certain employees could "severely [limit] the debtors’ options" amid bankruptcy proceedings.
BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11
[Jan 9, 2023 2:45 PM] The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022.
US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
[Jan 5, 2023 2:30 AM] A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent…