Defunct Crypto Lender BlockFi Granted Approval to Sell Assets
Defunct crypto lender BlockFi has earned court approval to sell its remaining assets.
BlockFi Permitted To Auction Mining Equipment
BlockFi has gained permission in bankruptcy court to sell its cryptocurrency mining equipment, Bloomberg reported Jan. 30<a href="https://www.bloomberg.com/news/articles/2023-01-30/blockfi-approved-to-set-up-auction-for-crypto-mining-business"></a>.
BlockFi's Crypto Mining Assets May Be Headed to Market After Bankruptcy Hearing
Bankrupt crypto lender BlockFi appears on track to sell some assets after a New Jersey bankruptcy judge expressed approval of the plan as part of Chapter 11 proceedings designed to restore funds to creditors.
BlockFi’s $10M Staff Bonus Package Approved by New Jersey Judge
A $10 million pay and bonus package for staff of crypto lender BlockFi was approved today by New Jersey bankruptcy court Judge Michael Kaplan.
Bankruptcy Judge Approves BlockFi’s Employee Retention Program
A New Jersey bankruptcy court judge has approved BlockFi’s request to offer bonuses to top staff.
BlockFi Mistakenly Reveals $1.2B Exposure to FTX, Alameda Research
The now-bankrupt crypto lending firm BlockFi has more than $1.2 billion in assets linked to FTX and Alameda Research, the two companies founded by the fallen crypto mogul Sam Bankman-Fried.
Bankrupt Lender BlockFi To Sell Bitcoin Mining Machine-Backed Loans
Bankrupt crypto lender BlockFi Inc. plans to sell about $160 million of loans backed by around 68,000 Bitcoin mining machines, according to two people familiar with the matter.
BlockFi Exec Argues Bankruptcy Court Should Approve Bonuses To Retain Talent
Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings.
Xclaim Has Listed Over $200 Million of Crypto Customer Accounts on Its Global Marketplace for Crypto Bankruptcy Claims
Xclaim, the only independent trading platform for crypto assets locked by bankruptcy, announced today that thousands of customers of several bankrupt crypto exchanges, including FTX, BlockFi, Celsius and Voyager have listed their accounts for sale, representing more than $200 million of crypto assets. Xclaim enables crypto account holders to recover the market value of accounts that are inaccessible during the pendency of a bankruptcy.
3AC, CoinFLEX Co-Founders Looking To Raise $25M for New Crypto Exchange
Defunct Three Arrows Capital’s (3AC) co-founders Kyle Davies and Su Zhu — along with CoinFLEX co-founders Mark Lamb and Sudhu Arumugam — are looking to raise about $25 million to launch a new crypto exchange called GTX.
