Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
The federal bankruptcy court administering the case of BlockFi has green-lit the sale of nearly 6,400 mining rigs for $4.7 million to U.S. Farms & Mining Opportunity Fund, according to court documents filed on Friday.
BlockFi to Sell $4.7 Million of Physical Mining Assets Amid Bankruptcy
A bankruptcy judge approved the sale of bankrupt lender BlockFi's mining machines and other physical assets for $4.7 million.
BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney
BlockFi still has cash access in spite of its significant holdings at collapsed California lender Silicon Valley Bank (SVB), a New Jersey bankruptcy court was told Monday.
BlockFi Has $227 Million in Uninsured Funds in Silicon Valley Bank
Crypto lender BlockFi has $227 million in “unprotected” funds in Silicon Valley Bank, according to a bankruptcy document, and may be in violation of U.S. bankruptcy law.
Silvergate Bank to Release Nearly $9.9 Million to BlockFi
U.S. Bankruptcy Judge Michael B. Kaplan said Silvergate had to return $9,850,000 deposited by BlockFi, according to a court filing on Friday.
BlockFi Files Motion to Dismiss Bankruptcy Case for SBF’s Emergent Fidelity
Bankrupt crypto lender BlockFi has filed a motion to dismiss the bankruptcy case for Emergent Fidelity Technologies, the holding firm owned by Sam Bankman-Fried (SBF), founder and former CEO of FTX.
BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
Bankrupt crypto lender BlockFi on Thursday moved to strike out the bankruptcy case of Emergent Fidelity Technologies, as a battle over around $600 million in assets mainly owned by FTX founder Sam Bankman-Fried becomes ever more complex.
Bitfarms Pays Down $21 Million BlockFi Loan With $7.75 Million in Cash
Bitcoin miner Birfarms settled $21 million in debt from BlockFi with a single payment of $7.75 million in cash.
Bitfarms Settles Outstanding Loan With BlockFi for $7.75M
Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurrency lender.
Bankrupt Crypto Lender BlockFi Takes Two-Thirds Haircut to Settle Bitcoin Miner Bitfarms' Debt
Bitcoin mining firm Bitfarms (BITF) agreed to settle its remaining $21 million of debt with bankrupt lender BlockFi for a single cash payment of $7.75 million, according to a Thursday press release.
