BlockFi News

Crypto lender BlockFi once valued at $3 billion is closing its website and taps Coinbase for distributions of funds recovered from bankrupt FTX. BlockFi, which emerged from bankruptcy in 2023 following a series of cascading bankruptcies associated with the collapse…

FTX and Alameda have settled their disputes with BlockFi, agreeing to pay the firm up to $874 million, subject to court approval. Bankrupt crypto companies FTX and BlockFi have reportedly settled their disputes arising from their collapses in 2022 after…

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BlockFi has announced its emergence from bankruptcy and is initiating plans to repay creditors, marking a significant turnaround after last year’s challenging halt of withdrawals following the FTX exchange collapse.

Judge Michael Kaplan plans to approve BlockFi's liquidation plan

BlockFi, the now-defunct crypto lending company, has filed a court application to move "trade-only" assets from users' accounts to stablecoins

Bankrupt BlockFi is contesting efforts by the insolvent FTX and Three Arrows Capital (3AC) to recover millions of dollars owed to their creditors. In a filing to a New Jersey bankruptcy court on Aug. 21, BlockFi insisted that its creditors…

US-based who were unable to withdraw from BlockFi can now access their accounts after a directive by a Bankruptcy Court on Aug. 16

BlockFi announces the start of its Chapter 11 solicitation period, allowing creditors to vote on the bankruptcy plan. Blockfi has announced via Twitter that the solicitation period for creditors under Chapter 11 has begun. During this time, the creditors can…

BlockFi, the troubled crypto lender, progresses towards repaying its clients as the U.S. bankruptcy court in New Jersey conditionally approves its disclosure statement. BlockFi’s efforts to reorganize and refund its clients have taken a positive step forward with the conditional…

A recent court report alleges BlockFi CEO Zac Prince dismissed repeated warnings from his risk management team about the shaky financials of major counterparty FTX. According to the report, Prince pushed to increase lending to FTX and sister entity Alameda…

Creditors of failed cryptocurrency lending platform BlockFi are seeking liquidation of the firm's assets, citing allegations of fraud and misconduct against the company and its CEO, Zac Prince.

A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed Chapter 11 reorganization plan and accompanying statement until all materials are formally authorized.

New Jersey-based bankrupt crypto lender BlockFi is looking to liquidate rather than sell its cryptocurrency lending platform after concluding that a sale might not benefit creditors. BlockFi, in a court document filed with the US bankruptcy court for the District…

A bankruptcy judge has ruled that transfers made as of November 10th by the cryptocurrency firm BlockFi are void.

BlockFi customers are pushing for $375m in cryptocurrency to be considered as customer property in the company's Chapter 11 case