In its bankruptcy filing in November 2022, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for its collapse. Separately, FTX founder Sam Bankman-Fried is currently ...

Station 70, a crypto recovery and backup startup founded by BlockFi's former chief security officer, raised $5 million in ...

NEW YORK: BlockFi, the first direct casualty of crypto exchange FTX’s collapse, tells a US bankruptcy judge that the US cryptocurrency lender was “the antithesis of FTX” and that it would ...

The settlement is subject to approval by U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware. BlockFi and FTX had sued each other in 2023, seeking to recover money they had loaned each other ...

and who has jurisdiction over these issues — the criminal courts or the bankruptcy courts. In the BlockFi case, the DOJ seized assets of the company pursuant to criminal and civil forfeitures, arguing ...

FTX proposed bankruptcy repayment still faces significant ... customer repayment in recent crypto bankruptcies, including the BlockFi and Genesis Global cases. If the government does not agree ...

Under the new settlement, FTX agreed to prioritize a $250 million payment to BlockFi, and the remainder of the settlement is contingent on its efforts to repay its own customers in bankruptcy. The two ...

As Donald Trump faces dwindling options to pay off a massive fine imposed as a result of losing a fraud case in New York, financial experts say filing for bankruptcy would provide one clear way ...

Bankruptcy, on the other hand, is a legal debt relief avenue by which the courts can require your lenders to discharge your debt (Chapter 7 bankruptcy) or work with you to restructure your assets ...

If you're one of the many who's struggling due to growing balances on your credit cards, you may be wondering whether it's time to pursue debt relief or bankruptcy to get your financial situation ...

Bankruptcy Overview: Legal process for debt relief with lasting consequences for individuals and businesses. Bankruptcy Types: Six in the U.S., including Chapters 7, 11, and 13, each with unique ...