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Coinbase Launches Crypto Lending Service for Institutional Investors

8.9.2023
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...

BlockFi Seeks Court Approval to Convert Users’ “Trade-Only” Wallet Assets to Withdrawable Stablecoins

30.8.2023
Bankrupt crypto lender BlockFi has filed a motion for order in the US bankruptcy court for the District of New Jersey, seeking permission to convert "trade-only" wallet assets into stablecoins, “that wallet users could then withdraw.” According to the proposal, these assets comprise less than...

BlockFi asks court for permission to convert trade-only assets into stablecoins

30.8.2023
The bankrupt crypto lender's request marks another step toward the return of users' funds, a process that the company began in August

Cybersecurity Breach at Kroll Affects FTX and BlockFi Claimants' Data

25.8.2023
A cybersecurity breach at FTX’s bankruptcy claims agent Kroll has compromised user data from both FTX and the bankrupt crypto lender BlockFi. The compromised data consisted only of “non-sensitive” customer information, FTX said on X on Thursday, stressing that account passwords were not stored...

FTX, BlockFi's Customer Data Compromised in Kroll Hack

25.8.2023
A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies

BlockFi Challenges FTX, Three Arrows in Legal Dispute Over Repayments

23.8.2023
Bankrupt crypto lender BlockFi is trying to block efforts from FTX and Three Arrows Capital (3AC) to recover billions of dollars transacted between the firms before they collapsed last year. In a Monday court filing, BlockFi accused FTX and Three Arrows Capital of victimizing the company...

BlockFi argues FTX, Three Arrows Capital isn't entitled to repayments

23.8.2023
BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud

BlockFi Complies with Court Order, Permits Crypto Withdrawals for Eligible US Users

18.8.2023
On August 17, BlockFi, a New Jersey-based crypto lending company, stated that it had initiated withdrawals for eligible users' wallets in the US in compliance with a court order issued by the US Bankruptcy Court for the District of New Jersey. However, due to ongoing legal proceedings, these...

BlockFi opens crypto withdrawals for eligible US users following court order

17.8.2023
The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds

Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan

8.8.2023
The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings

BlockFi's Chapter 11 plan progresses with conditional court approval

3.8.2023
Once the bankruptcy plan receives approval, the lender said it intends to concentrate its efforts on recovering funds from several other defunct firms

Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients

3.8.2023
A disclosure statement is an official, court-approved document outlining the debtor’s assets and liabilities

Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet

18.7.2023
According to a recently unsealed report made in Friday's court filing, BlockFi Inc. executives ignored repeated warnings from their risk management team regarding significant loans to Sam Bankman-Fried's Alameda Research, collateralized with digital tokens from FTX.... Read More: Report: BlockFi's...

BlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say

17.7.2023
The crypto lender saw “the exact same balance sheet” later published by CoinDesk but still put clients' money in Sam Bankman-Fried’s companies, a scathing new report claims

BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: court filing

14.7.2023
Crypto lending firm BlockFi had roughly $1.2 billion in assets tied to FTX and Alameda Research when the firm filed for bankruptcy in November 2022

Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi

7.7.2023
A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims

FTX, Three Arrows, and SEC Join Forces Against BlockFi's Bankruptcy Plans, Unveiling Billion-Dollar Dispute

6.7.2023
FTX, Three Arrows Capital (3AC), and the Securities and Exchange Commission (SEC) have united against BlockFi's bankruptcy plans, revealing a billion-dollar dispute that has brought them together. In a legal filing submitted by FTX on June 7, it has been argued that BlockFi's proposed plans...