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 ...
The filing indicates that the firm could have up to $10 billion in liabilities, as contagion from FTX spreads. The lending platform is the latest victim of contagion within the industry that ...
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 ...
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 ...
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 ...
For example, BlockFi (a crypto exchange that offered customers the option to deposit digital assets as collateral and borrow in U.S. dollars up to 50% of the value of the deposited collateral ...
“Fee examiners have become more prevalent recently because of very significant bankruptcy cases seeking recompense for ...
There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events in ...
This comes after Red Lobster reported a $12.5 million operating loss in the fourth quarter of 2023 Kimberlee Speakman is a digital writer at PEOPLE. She has been working at PEOPLE since 2022.
If you're dealing with mounting credit card debt, you may feel overwhelmed. After all, with several rate hikes over the last two years, there's a high probability that your minimum credit card ...
Amanda Holland is a professional writer and lifelong math nerd. She worked as a signals analyst and math instructor for the Defense Department before switching to freelance writing after her kids ...