Blockfi news and trends

BlockFi to Wind Down Operations, Return Assets to Customers
Cryptocurrency // October 24, 2023

Crypto lender BlockFi has announced that it will wind down its operations and begin returning crypto assets to customers. BlockFi has emerged from bankruptcy and will now focus on returning assets to its customers, Reuters reported on Tuesday (Oct. 24). This decision comes 11 months after the company faced...

BlockFi Receives Court Approval for Liquidation Plan
Cryptocurrency // September 26, 2023

Crypto lender BlockFi has reportedly been granted approval for its liquidation plan by a bankruptcy court. This decision brings a glimmer of hope for customers who may now receive a portion of their owed funds by the end of the year, Bloomberg reported Tuesday (Sept....

Crypto Collapse Yields $700 Million Payday for Turnaround Specialists
Cryptocurrency // September 06, 2023

The bankruptcies of five major cryptocurrency firms have been a boon for corporate turnaround specialists. That’s according to a report published Tuesday (Sept. 5) by The New York Times, showing that professionals such as attorneys, accountants, consultants and crypto analysts have billed more than $700...

BlockFi Says FTX and Three Arrows Don’t Deserve Repayment
Cryptocurrency // August 23, 2023

Bankrupt cryptocurrency lender BlockFi said two other failed crypto firms aren’t entitled to its money. In bankruptcy court documents filed this week, the company made arguments about why FTX and Three Arrows Capital (3AC) shouldn’t get what they are asking for. In the case of FTX, BlockFi said the fraud at Sam Bankman-Fried’s platform...

Interviews & Exclusives
Crypto Contagion Sends Coins and Companies Tumbling

November 22, 2022
FTX continues to be an industry “market maker” from beyond the grave, as the realities of entangled counterparty risk rear their heads throughout the cryptocurrency industry, while stoking fears over which companies might also now be in distress following FTX’s collapse. These budding contagion concerns are also remarkable given that only months ago cryptos were […]

Quick Reads
FTX and BlockFi Get Permission to Begin Settlement Talks

November 14, 2023
A federal judge said cryptocurrency firms FTX and BlockFi can begin discussing a settlement. BlockFi, which hopes to recover funds owed by FTX, declared bankruptcy in November 2022 following the collapse of FTX, which itself filed for Chapter 11 weeks earlier. That bankruptcy triggered an immediate stay in the proceedings between the two companies. But […]

BlockFi to Wind Down Operations, Return Assets to Customers

October 24, 2023
Crypto lender BlockFi has announced that it will wind down its operations and begin returning crypto assets to customers. BlockFi has emerged from bankruptcy and will now focus on returning assets to...

BlockFi Receives Court Approval for Liquidation Plan

September 26, 2023
Crypto lender BlockFi has reportedly been granted approval for its liquidation plan by a bankruptcy court. This decision brings a glimmer of hope for customers who may now receive a...

Crypto Collapse Yields $700 Million Payday for Turnaround Specialists

September 06, 2023
The bankruptcies of five major cryptocurrency firms have been a boon for corporate turnaround specialists. That’s according to a report published Tuesday (Sept. 5) by The New York Times, showing...