BlockFi gets court nod to return $297 million to wallet customersBlockFi was one of several crypto lenders to go bankrupt in 2022, and questions about the ownership of customer funds have also been raised...
12 May, 2023, 12.00 AM IST
Crypto firms acted like banks, then collapsed like dominoesIn a span of less than 12 months, nearly all of the biggest cryptocurrency companies have failed spectacularly.
24 Jan, 2023, 08.30 PM IST
BlockFi says it repaid investor $15 million to settle over crypto crashThe settlement resolved claims by the investor, identified only as "Counterparty A," who had purchased equity shares that were issued as pa...
10 Jan, 2023, 05.21 PM IST
BlockFi tells U.S. bankruptcy court it is 'the antithesis of FTX'BlockFi filed for Chapter 11 protection on Monday, citing FTX's collapse and volatility in the crypto markets.
30 Nov, 2022, 03.31 PM IST
BlockFi makes first appearance in bankruptcy courtBlockFi is expected to tell U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey why it went bankrupt and how it plans to exit from ...
29 Nov, 2022, 05.05 PM IST
As FTX contagion sweeps crypto markets, BlockFi declares bankruptcyBlockFi suspended withdrawals earlier this month, citing considerable exposure to Bankman-FTX Fried's exchange and its sibling hedge fund A...
29 Nov, 2022, 12.04 AM IST
Crypto lender BlockFi files for bankruptcy protectionNew Jersey-based BlockFi had earlier paused withdrawals from its platform and acknowledged it had "significant exposure" to FTX, and its as...
28 Nov, 2022, 09.14 PM IST
Crypto lender BlockFi files for bankruptcy protectionBlockFi said on Monday it had filed for Chapter 11 bankruptcy protection along with eight of its affiliates, in the latest casualty since F...
28 Nov, 2022, 09.13 PM IST
Smartkarma Research: FTX Fallout - A Quick UpdateOn November 14, the Company filed a motion in the Delaware court to allow FTX to modify creditor list requirement from top 20 creditor list...
24 Nov, 2022, 10.39 AM IST
Bankrupt crypto lender Voyager's CFO to exit months after appointmentBut inflation and subsequent rate hikes by the U.S. Federal Reserve led to a wide sell-off in the alternative asset class that dealt a heav...
24 Sep, 2022, 11.26 AM IST
What crisis? High-stakes crypto lending looks here to stayThree Arrows filed for bankruptcy in July and Blockchain.com told Reuters it had yet to recover a cent of its loan. The text exchange is am...
21 Sep, 2022, 11.26 AM IST
FTX signs deal with option to buy BlockFi for up to $240 millionFTX has also agreed to provide BlockFi with a $400 million revolving credit facility, Prince said in a tweet.
02 Jul, 2022, 09.09 PM IST
Crypto exchange FTX in discussion to acquire stake in BlockFi: reportThe companies had previously announced on Tuesday that BlockFi had signed a term sheet with FTX for a $250 million revolving credit facilit...
25 Jun, 2022, 09.36 AM IST
Crypto firm BlockFi signs $250 million revolving credit agreement with FTXBlockFi has signed a term sheet with digital asset exchange FTX for a $250 million revolving credit facility, the cryptocurrency firm's chi...
21 Jun, 2022, 07.00 PM IST
The 5 Best Crypto Interest Accounts for 202203 Mar, 2022, 07.05 PM IST
Crypto’s rapid move into banking elicits alarm in WashingtonIn recent months, top officials from the Federal Reserve and other banking regulators have urgently begun what they are calling a “crypto s...
05 Sep, 2021, 09.38 AM IST
While cryptocurrency ventures struggle for funding, it's advantage lendingMost lenders in the crypto industry set up shop in 2017, initially offering enthusiasts a way to borrow cash without having to sell down th...
03 Jan, 2019, 03.30 PM IST