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Hosted on MSN13h
Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
The federal bankruptcy court administering the case of BlockFi has approved the sale of nearly 6,400 mining rigs for $4.7 ...
The Tokenist1d
BlockFi Greenlight to Sell $4.7 Worth of Mining Rigs by Bankruptcy Court
According to a filing from Friday, March 24th, BlockFi recently received approval from the bankruptcy court in New Jersey to ...
朝日新聞社11d
Crypto lender BlockFi files for bankruptcy, cites FTX exposure
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 ...
Bloomberg L.P.12d
BlockFi Is ‘Fine’ Despite $227 Million SVB Exposure, Lawyer Says
“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 ...
CoinTelegraph14d
Filing shows BlockFi has uninsured $227M in Silicon Valley Bank fund
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 ...
Wall Street Journal12d
BlockFi Says It Can Tap Cash Immediately From Silicon Valley Bank
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 ...
The Royal Gazette27d
BlockFi may have a plan to exit bankruptcy
An order may be sought from the Bermuda Supreme Court over a plan by troubled crypto lender, BlockFi, to pay creditor money back and exit Chapter 11 bankruptcy protection, The Coin Republic has ...
CoinDesk12d
BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney
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 ...
news.bloomberglaw
4d
Crypto Winter Means Hard Work for Bankruptcy Lawyers (Podcast)
On this special episode of our weekly podcast, On The Merits, we hear what it’s like to be an attorney managing the downfall ...

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