Highly convincing fraudulent emails promising instant withdrawals to FTX and BlockFi users net millions for scammer.
BlockFi agrees to receive hundreds of millions in claims against FTX and Alameda Research.
The firm has devised a post-bankruptcy plan to ensure the repayment of creditors and the resumption of digital asset distribution.
In a high-stakes courtroom showdown, BlockFi's CEO unveils the intricate web of events leading to his lending firm's bankruptcy.
BlockFi clears one of its biggest hurdles, marking a big win for its creditors and customers.
The BlockFi saga takes another twist with a court order to withdraw its restructuring plan, deemed premature and unauthorized.
MegaSwap is a simple, innovative solution for developers seeking to build web3 applications on different blockchains.
The court ruled that the sale of facilities was an attempt to help BlockFi recover its customers' assets.
The report showed BlockFi had assets with FTX worth $415.9 million and loans to Alameda Research worth $831.3 million.
BlockFi plans to sell $160 million in loans backed by approximately 68,000 Bitcoin mining machines.
A loan from FTX last June caused the loss of approximately $800 million in equity holdings owned by BlockFi executives.
As per an affidavit, Sam Bankman-Fried acquired 7.42% of Robinhood shares through Emergent Fidelity Technologies.
Terra-Luna and FTX's demise had tremendous impact on the virtual assets sector since numerous firms were dependent on them.
Former BlockFi vice president will lead Google Cloud's Web3 efforts in Asia.
The motion is an important step towards restoring users' funds, according to BlockFi.
The crypto bank said that BlockFi is not a custodian of its Bitcoin-collateralized SEN leverage loans.
Company has $257 million in cash on hand and between $1 billion and $10 billion in total assets and liabilities.
Cryptocurrency lending platform BlockFi is reportedly preparing to file for chapter 11 bankruptcy, citing the company's "significant exposure" to FTX.
Crypto lender said it expects that recovery of the obligations that FTX owes will be delayed by the bankruptcy process.
Firm said its priority is to “protect its clients and their interests” and warned users not to deposit to platform.
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