Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: BlockFi received a temporary halt on its $50 million settlement payment to the U.S. Securities and Exchange Commission, per court filings from Thursday.The bankrupt crypto lender was instructed to pay its outstanding $30 million fine af...
More / Bitcoin Reddit - 1 year ago
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More / Bitcoin Reddit - 1 year ago
I subscribed to Anthony Pompliano's podcast many years ago and one of the reasons I decided to invest in BlockFi wss based on the info he provided. I am just wondering if anyone knows any other projects which he promoted and blew up and which one...
by COINS NEWS - 1 year ago
submitted by /u/Vorph36 [link] [comments]
by COINS NEWS - 1 year ago
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by COINS NEWS - 1 year ago
New update from BlockFi https://preview.redd.it/guq4g18tqw0b1.png?width=512&format=png&auto=webp&s=836d4c4c79a341fb8a94ef69250101bd7f5c5f76 Last week, you received an email from BlockFi, with links to documents relating to BlockFi’s...
Cryptocoins News / The Cointelegraph - 1 year ago
BlockFi said selling its cryptocurrency lending platform might not generate value for creditors. Disgruntled creditors of the bankrupt cryptocurrency lending firm Bloc...
Bitcoin News / Google News Bitcoin - 1 year ago
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell ...& & Bitcoin News
Bitcoin News / Bitcoin.com - 1 year ago
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 d...
Cryptocoins News / EthereumWorldNews - 1 year ago
BlockFi has planned to liquidate its crypto lending platform after determining that its the best course of action for creditors.The bankrupt crypto lender’s decision comes after multiple unsuccessful attempts to sell the business.& The firm’s in...
by COINS NEWS - 1 year ago
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Cryptocoins News / The Cointelegraph - 1 year ago
Return of funds does not apply to users of interest-bearing accounts, ruled U.S. Bankruptcy Judge Michael Kaplan. A United States judge has granted permission to bank...
Cryptocoins News / EthereumWorldNews - 1 year ago
A bankruptcy judge has ruled in favor of returning $300 million to the custodial account holders of BlockFi.& The judge denied the crypto lender’s customers from laying claim to an additional $375 million in its interest-bearing accounts.& T...
Cryptocoins News / Blockchain - 1 year ago
BlockFi, a cryptocurrency lender, has been granted a 48-day extension until May 15 to submit a bankruptcy exit plan. The company is exploring a potential sale of assets or an outside backer to support a restructuring deal. A committee of BlockFi cust...
Cryptocoins News / The Cointelegraph - 1 year ago
BlockFi was granted a 48-day extension by a New Jersey bankruptcy judge to submit an exit plan, exploring a potential sale of company assets and restructuring. BlockFi...
Cryptocoins News / The Cointelegraph - 1 year ago
Circle and BlockFi executives were questioned after the lawmakers accused Silicon Valley Bank of “coddling” and giving “white glove” treatment to its largest depositors....
by COINS NEWS - 1 year ago
submitted by /u/Vorph36 [link] [comments]
Bitcoin News / Bitcoinist - 1 year ago
BlockFi, a bankrupt crypto lender, has agreed to provide refunds totaling over $100,000 to its California customers who continued to repay loans despite a trading suspension on November 10th of last year. The Department of Financial Protection and In...
Cryptocoins News / CoinJournal - 1 year ago
BlockFi filed for Chapter 11 bankruptcy on November 28. Some Califonia users continued to repay their loans between November 11 and November 22 Users were not notified until November 22 that they could stop repaying their Loans “until further...
Cryptocoins News / The Cointelegraph - 1 year ago
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...
by COINS NEWS - 1 year ago
The sale of mining equipment and other physical assets by BlockFi, a crypto asset lending firm in bankruptcy proceedings, was permitted by a US bankruptcy court for $4.7 million. According to a report by The Block, BlockFi’s lawyer said that a portio...
Cryptocoins News / The Cointelegraph - 1 year ago
Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing, claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally....
by COINS NEWS - 1 year ago
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Cryptocoins News / Blockchain - 1 year ago
A bankruptcy filing has revealed that BlockFi has $227 million in uninsured funds allocated to a money market mutual fund (MMMF) offered by Silicon Valley Bank (SVB), which was shut down by the California Department of Financial Protection and Innova...
Bitcoin News / Bitcoinist - 1 year ago
Reports have shown that BlockFi also has $227 million in the troubled Silicon Valley Bank, which wasn’t insured. Notably, SVB is not managing the fund directly. As the saga of the Silicon Valley Bank shutdown continues, more victims are emergi...
