The company will distribute the loan repayment refunds through its servicer to former clients, pending bankruptcy court ...
The refunds stem from BlockFi’s conduct following the crash of the FTX cryptocurrency exchange. On November 10, 2022, BlockFi paused its platform and prohibited consumer withdrawals given its exposure ...
California's financial watchdog, the Department of Financial Protection and Innovation, had suspended BlockFi’s lending ...
BlockFi recently received approval from the bankruptcy court in New Jersey to sell 6,400 of its cryptocurrency mining rigs worth approximately $4.7 million. U.S. Farms & Mining Opportunity Fund ...
Bankrupt crypto lender BlockFi will refund more than $100,000 to its California-based users who continued to repay loans even ...
California’s financial watchdog claims BlockFi failed to "provide timely notification to borrowers that they could stop repaying their BlockFi loans," resulting in repayments of over $100,000.
Another crypto lender, BlockFi, succumbed to bankruptcy in November 2022. BlockFi’s downfall was partly tied to FTX as it relied upon a $400 million “credit facility” to stay above water after ...
Stinson’s Thomas Salerno analyzes the scope of cryptocurrency bankruptcies that are rippling through various sectors, while ...
On this special episode of our weekly podcast, On The Merits, we hear what it’s like to be an attorney managing the downfall ...