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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 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.
The post BlockFi Shuts Web Platform, Partners with Coinbase for Crypto Withdrawals appeared first on Cryptonews
Sophisticated Email Phishing Targets Bankrupt Crypto Firms’ BlockFi, FTX Creditors
25.3.2024
FTX and BlockFi claimants received legit-looking fraudulent emails luring them with a promise of instant withdrawals of their remaining balances.
The post Sophisticated Email Phishing Targets Bankrupt Crypto Firms’ BlockFi, FTX Creditors appeared first on Cryptonews
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 to Receive $874.5 Million From Settlement with FTX and Alameda Research
7.3.2024
BlockFi reaches a settlement with FTX and Alameda Research, securing $874.5 million for customer compensation, setting the stage for significant progress in its bankruptcy resolution process.
The post BlockFi to Receive $874.5 Million From Settlement with FTX and Alameda Research appeared first...
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
US Judge Approves Sealed Settlement Between BlockFi and Three Arrows Capital
7.2.2024
A United States judge has given approval to a sealed settlement that resolves the claims and disputes between crypto lender BlockFi and defunct crypto hedge fund Three Arrows Capital (3AC). Judge Michael Kaplan approved the settlement during a hearing on February 6th in the New Jersey Bankruptcy...
FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings
28.12.2023
On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Consequently, an individual who held bitcoin on FTX would receive $16,871...
FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules
14.11.2023
BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two
Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0
6.11.2023
“The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed
BlockFi Clients Can Now Submit Withdrawal Requests as Bankruptcy Plan Takes Effect
25.10.2023
The US-based crypto lending company BlockFi has emerged from bankruptcy, allowing clients to begin the process of withdrawing their assets.
This development comes nearly 11 months after BlockFi was caught in the turbulence of the cryptocurrency industry, triggered by the disastrous collapse...
BlockFi emerges from bankruptcy and opens wallet withdrawals
24.10.2023
BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests
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...
Federal Judge Orders Mediation for BlockFi and Three Arrows Capital Dispute Over $284 Million Payments
12.10.2023
A US bankruptcy judge, in order to resolve the legal battle over a significant $284 million claim by bankrupt crypto hedge fund Three Arrows Capital (3AC) against crypto lender BlockFi, has ordered them to enter mediation....
Read More: Federal Judge Orders Mediation for BlockFi and Three Arrows...
BlockFi Bankruptcy Judge Says He Wants 3AC’s $284M Claim Resolved in Mediation
10.10.2023
Failed crypto hedge fund Three Arrows Capital’s (3AC) attempt to pursue a $284 million claim against crypto lender BlockFi was put into mediation by the U.S. bankruptcy judge overseeing BlockFi’s case
BlockFi Says It's Taken Major Step Toward Emerging From Bankruptcy
29.9.2023
Crypto lender BlockFi gets court nod to repay customers
27.9.2023
The approval is seen as a milestone moment for BlockFi's over 100,000 creditors, who have been long awaiting repayment
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...
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...