BlockFi gets court nod to sell crypto mining assets
It is understood that BlockFi wants to get bids in quickly as possible to make the most of the current market conditions.
It is understood that BlockFi wants to get bids in quickly as possible to make the most of the current market conditions.
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed…
The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake.
The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24.
According to Megan Crowell, losing certain employees could “severely [limit] the debtors’ options“ amid bankruptcy proceedings.
The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022.
A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July.…
An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi.
Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and…
The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state.