Crypto Lender Blockfi Goes Bankrupt In Aftermath Of Ftx Meltdown

BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall. BlockFi said in a statement that it will use the Chapter 11 process to “focus on recovering all obligations owed to BlockFi by its counterparties, including FTX and associated corporate entities,” adding that recoveries are likely to be delayed by FTX’s own bankruptcy.

  • BlockFi Wins Bankruptcy Court Approval to Auction Mining Assets
    Crypto-lender BlockFi can auction off cryptocurrency mining assets to raise funds as it navigates Chapter 11 bankruptcy.
    01/30/2023 - 12:41 pm | View Link
  • Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)
    Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company ...
    01/27/2023 - 5:59 am | View Link
  • Bankrupt lender Genesis says it can resolve creditor disputes
    A lawyer for the bankrupt cryptocurrency lender Genesis Global Capital said on Monday that it had some confidence it could resolve its disputes with creditors this week, with a goal of emerging from ...
    01/24/2023 - 9:35 am | View Link
  • Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters
    Genesis joined the crypto lenders Celsius Network, Voyager Digital, and BlockFi as bankrupt victims of the FTX contagion. Brian Rosen, a lawyer for Genesis’s creditors that hold US$1.5 billion ...
    01/23/2023 - 11:17 pm | View Link
  • BlockFi back to Sell Bitcoin Mining Machine-Backed Loans
    Crypto lender BlockFi Inc. was declared Bankrupt previously and now plans to sell about $160 million of loans backed by almost 68,000 Bitcoin mining machines. The New Jersey-based company filed for ...
    01/23/2023 - 10:16 pm | View Link
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