Blockfi Bankruptcy – DIGIT INFO

Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF

DIGIT — Sat, 11 Mar 2023 01:27:16 +0000

BlockFi’s capital allocated to the money market mutual fund is not FDIC insured, however the fund doesn’t appear to be managed by Silicon Valley Bank.

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Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research

DIGIT — Wed, 25 Jan 2023 19:04:50 +0000

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 documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed. Unredacted Documents Reveal Blockfi’s $1.2 […]

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Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’

DIGIT — Mon, 28 Nov 2022 19:00:49 +0000

On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings in 2022. Blockfi Voluntarily Petitions for Chapter 11 Bankruptcy Protection Blockfi has […]

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