Cryptocoins News / CoinJournal - 1 year ago
BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. The plan to sell off the loans backed by Bitcoin mining machines is part of the bankruptcy proceedings. Bidders have until before the end of January...
Bitcoin News / Google News Bitcoin - 1 year ago
BlockFi to sell $160M in Bitcoin miner-backed loans: Report& & Cointelegraph
Cryptocoins News / The Cointelegraph - 1 year ago
The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is Jan. 24. Bankrupt crypto lending firm BlockFi reportedly has plans to sell off $160 m...
Bitcoin News / Google News Bitcoin - 1 year ago
Bankrupt Lender BlockFi to Sell Bitcoin Mining Machine-Backed Loans& & Bloomberg
Cryptocoins News / The Cointelegraph - 1 year ago
According to Megan Crowell, losing certain employees could “severely [limit] the debtors’ options“ amid bankruptcy proceedings. Megan Crowell, the chief people officer...
Cryptocoins News / The Cointelegraph - 1 year ago
“During 2022, Bitfarms began taking proactive actions to increase financial flexibility and to reduce indebtedness and capital expenditure obligations,” according to CFO Jeff Lucas....
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Miner Bitfarms Looks to Amend BlockFi Loan, Warns of Default& & CoinDesk
Bitcoin News / Google News Bitcoin - 1 year ago
Bitcoin Miner Bitfarms Warns of Default, Looks to Amend BlockFi Loan& & CoinDesk
by COINS NEWS - 1 year ago
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More / Bitcoin Reddit - 1 year ago
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Cryptocoins News / Blockchain - 1 year ago
BlockFi will show assets, obligations, and pre-bankruptcy payments. After its first bankruptcy hearing in November, the business contacted 106 buyers. The U.S. Department of Justice confiscated over 55 million Robinhood shares worth $450 million. Blo...
Cryptocoins News / The Cointelegraph - 1 year ago
The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October. Crypto lending firm BlockFi has announced...
by COINS NEWS - 1 year ago
submitted by /u/LinkCloth [link] [comments]
Cryptocoins News / The Cointelegraph - 1 year ago
Hedge funds and debt investors have already purchased some of the claims. Instead of waiting for a lengthy bankruptcy process, some investors who have claims on FTX, C...
Cryptocoins News / Blockchain - 1 year ago
A number of investors who lost money as a result of the recent failures of FTX, Celsius, BlockFi, and Voyager Digital are considering transferring their claims to other parties. Nearly 10,000 claims were posted at the time this article was written, i...
Cryptocoins News / The Cointelegraph - 1 year ago
Bankruptcy judge Michael Kaplan said that on Jan. 9, he will review if the shares should be transferred to a neutral broker. The highly disputed Robinhood shares claim...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: BlockFi and FTX are in contention over 56 million shares in trading giant Robinhood.The shares are currently controlled by Emergent Fidelity Technologies, a company owned almost entirely by fallen crypto billionaire Sam Bankman-Fried.Bl...
Cryptocoins News / The Cointelegraph - 1 year ago
The 56 million Robinhood Markets shares at stake are currently worth around $450 million. Embattled crypto exchange FTX asked for the assistance of a United States ba...
by COINS NEWS - 1 year ago
submitted by /u/economist_kinda [link] [comments]
Cryptocoins News / The Cointelegraph - 1 year ago
Crypto lender BlockFi has asked a U.S. bankruptcy court for the authority to return the crypto held in BlockFi wallets to users. Bankrupt crypto lending platform Bl...
Cryptocoins News / Blockchain - 1 year ago
On November 11, BlockFi banned withdrawals and asked customers not to deposit to wallets or Interest Accounts due to FTX uncertainty. The lending platform intends to seek similar remedies from the Supreme Court of Bermuda. Jan 9 is the hearing date f...
by COINS NEWS - 1 year ago
submitted by /u/asosao_2416 [link] [comments]
More / Bitcoin Reddit - 1 year ago
EXCLUSIVE: BlockFi anon discusses everything from SBFs involvement, why they got in bed with Alameda, and mentions how “???????????????????????????? ???????????????????????????????????? ???????????? ???????????????????????? ???????? ???????????? ????...
Cryptocoins News / The Cointelegraph - 1 year ago
According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales such as Three Arrows Capital and Alameda....
by COINS NEWS - 1 year ago
submitted by /u/ccmanagement [link] [comments]
