chapter 11

Less than a year after declaring bankruptcy, BlockFi’s bankruptcy plan was confirmed

CEO Adam Sullivan spoke to Blockworks about the latest with Core Scientific at the Permissionless conference in Austin, Texas

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

Core Scientific plans to continue mining bitcoin throughout its bankruptcy, triggered by slumping revenue and unpayable debts

BlockFi hopes bankruptcy court will let users withdraw crypto from Wallet accounts, although yield-seeking creditors might not be so lucky

Celsius currently holds 11 types of stablecoins worth $23 million, much needed fuel for its ‘absolute zero trust’ revival plan
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