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$1.5B in Crypto Still Sits in the Ruins of Firms Like FTX, Terraform, Celsius, and Blockfi
15.6.2025
Over the past few years, a wave of digital asset firms collapsed for a mix of reasons—some dragged down by earlier disasters like the FTX and Terraform Labs fiascos. Here’s a closer look at a handful of wallets tied to those now-defunct ventures and a glimpse at what’s still sitting onchain....
BlockFi Appeals to Creditors to Come Forward and Claim Bankruptcy Distributions
2.4.2025
With a May 15 deadline looming, just 43% of non-U.S. customers have claimed their distributions
Michael Novogratz's Galaxy Hires Zac Prince, Former CEO and Co-Founder of BlockFi
25.2.2025
Prince will work closely with the firm's president, Chris Ferraro, to expand Galaxy's crypto offering
'Crypto Dad' squashes rumors that he could replace Gensler as SEC Chair
15.11.2024
Former CFTC Acting Chair Chris Giancarlo said he’s “already cleaned up earlier Gary Gensler mess,” shooting down speculation he’d replace the SEC Chair
'Crypto Dad' squashes rumors that he could replace Gensler as SEC Chair
15.11.2024
Former CFTC Acting Chair Chris Giancarlo said he’s “already cleaned up earlier Gary Gensler mess,” shooting down speculation he’d replace the SEC Chair
‘Crypto Dad’ squashes rumor that he could replace Gensler as SEC chair
15.11.2024
Former CFTC Acting Chair Chris Giancarlo said he’s “already cleaned up earlier Gary Gensler mess,” shooting down speculation he’d replace the SEC chair
Senator Lummis pushes forward crypto plans after Trump victory: Law Decoded
11.11.2024
California revokes BlockFi’s license amid bankruptcy, Caroline Ellison is sentenced, Crypto.com faces scrutiny in Poland, and Senator Cynthia Lummis supports Trump’s Bitcoin reserve proposal
California Pulls Blockfi’s Lending License, Slaps Fines After Regulatory Breach
9.11.2024
The California Department of Financial Protection and Innovation (DFPI) has revoked Blockfi Lending LLC’s finance lending license for violations under California’s Financing Law (CFL). Blockfi agreed to the revocation and to halt certain practices deemed harmful, following an examination that...
California revokes BlockFi’s lending license 2 years after bankruptcy
8.11.2024
Bankrupt and now defunct BlockFi has entered into a settlement agreeing to the license revocation and to cease unsafe practices
Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments
23.9.2024
Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime...
BlockFi Administrator Submits Plan in Court to Make Customers Whole
23.7.2024
"This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi," said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc
Blockfi to Begin Interim Crypto Distributions via Coinbase This Month
19.7.2024
Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for bankruptcy protection in November 2022, is now collaborating with Coinbase...
BlockFi to Start Interim Crypto Distributions Through Coinbase This Month
18.7.2024
Bankrupt crypto lender BlockFi will commence first interim crypto distributions through Coinbase in July 2024, it announced on Thursday
BlockFi confirms July start for interim crypto distributions
18.7.2024
BlockFi clients are to note that client communications will exclusively occur via official email channels
Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued
15.6.2024
The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies...
Legal fees skyrocket in high-profile crypto bankruptcies
31.5.2024
High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis
Bankrupt Crypto Lender Blockfi Enlists Coinbase to Distribute Crypto Payouts
10.5.2024
The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase...
BlockFi shuts down platform, partners with Coinbase for payouts
10.5.2024
BlockFi, which is currently defunct as a business house, plans to close the shutters of its web platform towards the end of the month, link up with Coinbase, and use the company’s services as a distribution associate. As an integral component of the bankruptcy claims procedure, the modification...
BlockFi partners with Coinbase for fund distribution amid shutdown
10.5.2024
The plan administrator will continue to use Coinbase for upcoming distribution rounds, potentially involving recovered funds from FTX
BlockFi Shuts Web Platform, Partners with Coinbase for Crypto Withdrawals
10.5.2024
Embattled crypto lender BlockFi announced Thursday that it plans to close its web platform this month, and is partnering with Coinbase to distribute funds to clients.
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