After filing for bankruptcy in November, BlockFi kept $227 million in unprotected funds via a money market mutual fund, the U.S. Trustee wrote in a court filing on March 10. Funds in a money ...
“BlockFi is fine,” Christine Okike of Kirkland & Ellis said on behalf of the company in a bankruptcy hearing Monday. “We have access to cash to operate in the normal course, including paying ...
Renzi said that BlockFi had sold a portion of its crypto assets earlier in November to fund its bankruptcy. Those sales raised $238.6 million in cash, and BlockFi now has $256.5 million in cash on ...
Bankrupt crypto lender BlockFi Inc. faces risks of having its funds locked up at Silicon Valley Bank, which collapsed Friday after a run on deposits doomed the bank’s plans to raise fresh capital.
BlockFi Inc. said Monday it won’t be hurt by the collapse of Silicon Valley Bank and has plenty of cash to cover expenses in bankruptcy, addressing concerns over the cryptocurrency lender’s ...
According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley ...
BlockFi still has cash access in spite of its significant holdings at collapsed California lender Silicon Valley Bank (SVB), a federal bankruptcy court in New Jersey was told Monday. In a Friday ...
Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing, claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally. According to a ...
CLEVELAND, Ohio — Pandemic-related assistance that stopped last year helped cause a sharp increase in bankruptcy filings for people with steady incomes, experts said. Chapter 13 bankruptcy ...
