BlockFi

BlockFi was a leading financial services provider in the cryptocurrency space that offered digital assets to customers until its bankruptcy in 2022. BlockFi empowered users to maximize their investment potential in what was thought to be a secure and transparent manner. Follow Blockworks for the latest updates, and coverage of BlockFi, its founders and bankruptcy proceedings.

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FTX filed an objection to BlockFi’s bankruptcy plan Wednesday

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BlockFi seeks to convert ALGO, BCH and DOGE holdings to stablecoins

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The breach Thursday calls into question the security measures employed by the third-party vendor

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BlockFi is fighting tooth and nail to retain billions of dollars from FTX and Three Arrows Capital over allegations of fraud

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BlockFI received conditional approval on its disclosure statement

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BlockFi’s “demise was rooted in business practices and decisions well preceding” the bankruptcies of Alameda and FTX, a report found

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BlockFi’s UCC wants to show who former CEO Zac Prince really is and what he and “his colleagues were doing…when no one was watching”

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BlockFi is set to open customer withdrawals later this summer

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The lender said it needs to develop new product features and make platform modifications to facilitate withdrawals

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Grayscale Investments, Kraken and BlockFi are among the industry players floating support, and suggestions, as the comment period winds down

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The creditors committee said BlockFi’s communication with creditors was “loud” and “in your face”

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Researchers at the Chicago Fed observed that platforms used customer funds for risky investments to generate promised high returns, and customers ran to avoid potential losses

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Creditors will have until July 28, 2023 to vote on BlockFi’s restructuring plan should the court approve it

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“The user interface did not accurately reflect the transactions,” Kaplan said in court

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Bankrupt crypto lender BlockFi has been allowed to extend the deadline for its Chapter 11 plan to mid-May

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Druk Holdings and Investments, which is the Kingdom of Bhutan’s sovereign investment arm, was a customer of both Celsius and BlockFi before the bankruptcies

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BlockFi’s proposal to return the crypto held in customer wallets has been delayed while both parties attempt to resolve their issues

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FTX-related claims approved by Nexus Mutual have ranged from $6,500 to $1.15 million

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ConsenSys among latest firms bit by layoffs amid “very challenging macroeconomic environment”

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Celsius, BlockFi and Voyager were among crypto’s biggest players to file for bankruptcy in 2022, legal expert says

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Crypto hardware wallet company names new CEO, and more layoffs from Coinbase, Crypto.com and Blockchain.com

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Coinbase’s settlement with a New York regulator marks one of the industry’s largest to date in US dollar terms

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FTX attorneys had previously tried to lay their own claims to the outstanding shares

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BlockFi wants to collect on a 7.6% stake in Robinhood, collateral pledged by Alameda in the early days of FTX’s collapse

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After more than a decade at Bank of America Merrill Lynch, Rishi Ramchandi spent the last two-plus years at BlockFi, which filed for bankruptcy last month

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