An upcoming Bitcoin (BTC) hash rate-backed product that could offer 10%–13% returns shouldn’t be compared to failed products by BlockFi or Celsius, as its returns come from proof-of-work, not “Ponzi ...
U.S. cryptocurrency lender BlockFi on Tuesday will make its first appearance in U.S. bankruptcy court after filing for Chapter 11 protection on Monday. BlockFi is expected to tell U.S. Bankruptcy ...
Bankrupt crypto lending firm BlockFi uploaded uncensored financials by mistake, revealing $1.2 billion in assets tied up with bankrupt exchange FTX and defunct trading firm Alameda Research. The ...
BlockFi has filed a plan that explains how it expects to pay off creditors and exit Chapter 11 bankruptcy protection. The bankrupt cryptolender plans to reorganize as a standalone company but added ...
It's been a dark year for the crypto space. Investors, both retail and institutional, are living through a nightmare that seems to have no end: a series of cascading bankruptcies of crypto firms and ...
BlockFi filed for Chapter 11 bankruptcy on Monday, citing hefty exposure to FTX. The crypto platform owes $30 million to the SEC, per bankruptcy filings. FTX, which once offered BlockFi a $400 million ...
Having requested more than $15 million in the bankruptcies of Celsius and Voyager to date, Kirkland has already billed another $1.5 million in the Chapter 11 bankruptcy of crypto lender BlockFi.
Crypto lender BlockFi became the latest industry heavyweight to file for bankruptcy, joining Celsius Network, Voyager Digital and FTX. FTX’s collapse directly contributed to BlockFi’s filing, but the ...
What is happening with crypto lenders? The bear market has strained every corner of the crypto industry, but perhaps none more than businesses involved in crypto lending. You know the names already: ...
Executives from bankrupt crypto lender BlockFi granted themselves pay rises of as much as $275,000 each, after they saw $800 million in their equity holdings wiped out because of a loan from collapsed ...