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Nalezeno "Zac Prince": 20

Former BlockFi CEO Announces New Career Path – And Settles Lost Bet On His Company’s Bankruptcy

11.3.2024
Zac Prince, the former BlockFi CEO, is breaking into real estate tech now that his defunct crypto lending firm is on a safe path to recovery. The post Former BlockFi CEO Announces New Career Path – And Settles Lost Bet On His Company’s Bankruptcy appeared first on Cryptonews

BlockFi’s Zac Prince Leaves Crypto, Joins Real Estate Tech Startup Re Cost Seg

11.3.2024
Prince says he considered starting a new company in the crypto space, but wants something with a regular work week and lacks the octane and volatility of the industry

BlockFi Settles With FTX, Alameda Estates for $874.5M

7.3.2024
The settlement with FTX and Alameda Research is a key part of BlockFi's bankruptcy and reorganization plan

Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy

14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...

BlockFi CEO Zac Prince Blames Bankruptcy on FTX and Alameda

13.10.2023
The federal criminal case against Bankman-Fried closed out its second week Friday with engaging testimony from BlockFi founder and CEO, Zac Prince. Prince claimed that BlockFi began lending money to FTX towards the start of 2021, increasing the fallen crypto exchange's borrowing later on in...

Circle and BlockFi questioned on banking with SVB by Warren and AOC

12.4.2023
Circle and BlockFi executives were questioned after the lawmakers accused SVB of “coddling” and giving “white glove” treatment to its largest depositors

BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor

2.3.2023
Gemini is accused of providing BlockFi with custodial services and misleading information to help BlockFi market its alleged unregistered securities

FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock

23.12.2022
Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to ‘Enforce an Automatic Stay’ Against Claims Over...

Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause

11.11.2022
Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this decision was caused by the “lack of clarity” on the current state of FTX, which...

Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M

3.7.2022
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used...

Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet

21.6.2022
The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to bolster Blockfi’s “balance sheet and platform strength.” Blockfi Obtains...

Crypto Lending Company Blockfi Cuts Staff by 20%

13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...

New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender

29.7.2021
On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile...

Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey

20.7.2021
On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general...

Crypto Financial Services Firm Blockfi Launches Competitive Bitcoin Trust

10.2.2021
The cryptocurrency financial services firm Blockfi has launched a bitcoin-based trust that offers custody from Fidelity Digital Asset Services. Blockfi’s investment vehicle aims to give investors exposure to the leading crypto asset as bitcoin assets under management (AUM) was over...