The BlockFi bankruptcy case, culminating in a significant payout to its legal team, underscores the intricate and costly nature of legal battles in cryptocurrency. As firms like Kirkland & Ellis ...

Successful bankruptcy proceedings and future plans Prince highlighted the success of the bankruptcy process, noting that ...

According to a source that spoke with Decrypt, alongside the bankruptcy proceedings, BlockFi will also be laying off a “large portion” of its staff. With the recent implosion of FTX and the connected ...

“Fee examiners have become more prevalent recently because of very significant bankruptcy cases seeking recompense for ...

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 ...

There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events 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 ...

FTX Creditors to Receive At Least 118% of Allowed Claims in Cash within 60 Days of Effectiveness. Other Creditors to Receive 100% of Allowed Claims plus Billions in Compens ...

Bankruptcy courts face the dilemma of balancing ... U.S.C. § 502), and not the higher value at confirmation. For example, BlockFi (a crypto exchange that offered customers the option to deposit ...

The Dallas-based healthcare network has until the end of the month to prove to lenders it has the cash on hand to begin repaying its significant debts — or it could face bankruptcy proceedings.

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 ...

Although bankruptcy can help you recover from debt, it can make it more difficult to secure a loan in the future. Rebuilding your credit can make it easier to qualify for a personal loan after ...