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Nalezeno "Blockfi": 375

Mediation to begin in FTX, BlockFi Case, Judge Rules


In a court filing on November 13th, U.S. bankruptcy judge Michael Kaplan ended an automatic stay on proceedings between bankrupt crypto companies FTX and BlockFi, paving the way for mediation in their claims settlement. BlockFi’s forced bankruptcy FTX founder, Sam Bankman-Fried, was found...

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


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


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...

Blockfi Bankruptcy Plan Confirmed, Paving Way for Client Distributions 


Crypto lender Blockfi is moving closer to returning funds to clients after a bankruptcy judge confirmed its Chapter 11 plan on Tuesday. The plan outlines a process for the company to distribute the remaining assets to clients and attempt to recover additional funds. Blockfi Advances on Client Asset...

Coinbase Launches Crypto Lending Service for Institutional Investors


Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. Crypto Exchange Coinbase...

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