BlockFi
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Xclaim: The Revolutionary Bankruptcy Claims Trading Platform
According to reports, Xclaim, a bankruptcy claims trading platform, has completed a round A financing of $7 million. Xclaim allows for the trading of major bankruptcy creditor clai
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BlockFi will refund more than $100000 to California customers
According to reports, the California Department of Financial Protection and Innovation (DFPI) announced on Monday that BlockFi has approved the distribution of a $103471 refund req
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BlockFi Sells Mining Machines and Physical Assets for $4.7 Million: What You Need to Know
According to reports, the bankruptcy judge approved the sale of BlockFi\’s mining machines and other physical assets for $4.7 million. These assets were sold to a company called US
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BlockFi’s Uninsured Funds in Silicon Valley Bank: Still Able to Use Cash
It was reported that a bankruptcy court in New Jersey was informed on Monday that although BlockFi held a large amount of uninsured funds in the bankrupt Silicon Valley Bank (SVB), it still had the right to use cash. Lawyer: BlockFi is expected to obtain a cash deposit of $37 million at the Bank of Silicon Valley Analysis based on this information:BlockFi, a trusted cryptocurrency borrowing and lending platform, was recently reported to have held a significant amount of uninsured funds in the bankrupt Silicon Valley Bank (SVB). In light of this news, doubts were raised about the platform’s ability to operate with its funds being tied up in a struggling bank. However, whether due to foresight or mere circumstance, it appears that BlockFi had contingencies in place to continue using its cash reserves. On Monday, news emerged that BlockFi had informed a bankruptcy court in New Jersey that despite its funds being held in SVB, the platform had the…
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BlockFi Under Fire Over Allegedly Violating US Bankruptcy Law
It is reported that according to a bankruptcy document, BlockFi, a cryptographic lending institution, has 227 million dollars of \”unprotected\” funds in Silicon…
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Nexus Mutual pays out $5 million in claims due to DeFi platforms’ bankruptcy
It is reported that DeFi insurance provider Nexus Mutual has paid about US $5 million in claims due to the bankruptcy of FTX and BlockFi, and is expected to pa…
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US Bankruptcy Judge Orders Return of Funds to Crypto Lending Institution
It is reported that according to a court document on Friday, Michael B. Kaplan, a US bankruptcy judge, said that Silvergate Bank must return US $9.85 million t…
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Investor Sues BlockFi, Gemini and Directors over Cryptocurrency Loss
On March 2, an investor who was frozen nearly US $2 million in BlockFi, a bankrupt cryptocurrency lending institution, filed a class action against its founder…
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BlockFi and Creditors in Conflict Over Digital Assets
It is reported that according to the order of Michael Kaplan, the US bankruptcy judge, BlockFi\’s proposal to return the digital assets in the customer\’s wallet…
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BlockFi Plans to Cancel Emergent Fidelity Technologies’ Bankruptcy
It is reported that BlockFi proposed to cancel the bankruptcy case of Emergent Fidelity Technologies on Thursday. Emergent is an Antigua shell company with 90%…
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BlockFi declares bankruptcy and sets up claims process deadlines
On February 14, BlockFi, the encryption and lending company that has filed for bankruptcy, tweeted today: \”From today on, BlockFi customers will receive import…