BlockFi - Claimpayback

Court directs BlockFi to retract chapter 11 reorganization plan

0xMain
May 22, 2023

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A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed chapter 11 reorganization plan and accompanying statement until all materials are formally authorized. On May 18, the court directed BlockFi, the insolvent cryptocurrency lender, to retract its prematurely disclosed...

BlockFi opts to liquidate its lending business

0xMain
May 16, 2023

BlockFi, business, Hacking, lending, liquidate, opts

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New Jersey-based bankrupt crypto lender BlockFi is looking to liquidate rather than sell its cryptocurrency lending platform after concluding that a sale might not benefit creditors. BlockFi, in a...

BlockFi crypto customers fail in dispute over coin transfers

0xMain
May 11, 2023

BlockFi, COIN, Crypto, customers, dispute, fail, Hacking, transfers

A bankruptcy judge has ruled that transfers made as of November 10, 2021 by the cryptocurrency firm BlockFi are void. Therefore, the customers who attempted to retrieve almost $300 million in crypto following the freezing of transfers last year are not entitled to...

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BlockFi customers want to take over $375m worth of crypto assets

0xMain
May 9, 2023

375m, assets, BlockFi, Crypto, customers, Hacking, worth

BlockFi customers want $375m in various crypto assets to be considered as their property in the ongoing Chapter 11 bankruptcy case. This comes after a group of customers argued in court that the eight-day delay in shutting down the app after transaction suspension...

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Bhutan held millions of dollars worth of crypto in BlockFi and Celsius

0xMain
April 17, 2023

Bhutan, BlockFi, Celsius, Crypto, dollars, Hacking, held, Millions, worth

Bhutan, a small country in the Himalayas known for its happiness index and isolation from the world, has secretly been investing in cryptocurrency for over a year. This was revealed by the bankruptcy filings of two crypto lending platforms, BlockFi and Celsius, which...

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US politicians Warren and Ocasio-Cortez probe Circle, BlockFi on SVB relationship

0xMain
April 12, 2023

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Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez are questioning some of the largest depositors of the now-fallen Silicon Valley Bank (SVB), including USDT issuer Circle and bankrupt BlockFi. The lawmakers are seeking information about the companies’ relationship with SVB. The lawmakers sent letters...

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BlockFi to refund California borrowers over $100,000

0xMain
March 28, 2023

BlockFi, borrowers, California, Hacking, refund

Bankrupt cryptocurrency lender BlockFi has agreed to refund over $100,000 to California borrowers who continued to repay their loans after the platform halted withdrawals. California’s Department of Financial Protection and Innovation (DFPI) announced that BlockFi had approved its servicer to refund over $100,000...