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You are here: Home / Archives for blockfi

blockfi

BlockFi Teams Up with Coinbase for Crypto Withdrawals

May 11, 2024 by Lipika Deka

Crypto lender BlockFi has announced Coinbase as its distribution partner to enable crypto withdrawals for eligible BlockFi Interest Accounts [BIA], retail loans, and private clients. Following its decision to shut down, the platform is working with Coinbase to ensure seamless operations and a hassle-free user experience. As per the announcement, clients will receive further instructions […]

Filed Under: News Tagged With: blockfi, Coinbase

BlockFi’s Zac Prince Unveils Bankruptcy Success And Future Ventures

March 11, 2024 by Arslan Tabish

Zac Prince, a co-founder and previous CEO of the bankrupt crypto-lending entity BlockFi, has finally spoken after a critical moment for the cryptocurrency sector and made his next career step public. This publication acts like a ray of light and an illustration of patience in the fluctuating crypto business. Prince’s update mainly praised the successful […]

Filed Under: News Tagged With: blockfi, Cryptocurrency

Bitcoin Hits $50K Amid Crypto Market Turmoil: Analysts Predict $84.5K Target

February 14, 2024 by Ammar Raza

Bitcoin is in the spotlight, breaking the $50,000 barrier not seen since December ’21. That’s broken through amid turbulent times while the digital currency faces volatility and a number of challenges. The characteristic volatile fluctuations of the cryptocurrency market witnessed a series of events. Besides, Luna has sharply crashed, and FTX went bankrupt. Moreover, Blockfi […]

Filed Under: News, Bitcoin News Tagged With: Bitcoin (BTC), blockfi, celsius, Cryptocurrency, ftx, LUNA

BlockFi’s Collapse Costs Big Law Firms $40 Million

December 13, 2023 by Kashif Saleem

The bankruptcy of BlockFi Inc., a cryptocurrency exchange that collapsed after the FTX debacle last year, has resulted in a windfall for four Big Law firms that represented the company in its Chapter 11 case. The firms are set to receive $40 million in fees for their work on the liquidation plan, which was approved […]

Filed Under: News Tagged With: blockfi, FTX collapse

FTX & BlockFi Affected: Kroll Cybersecurity Incident Exposes Client Data

August 25, 2023 by Ammar Raza

The claims agent responsible for the bankruptcy case involving cryptocurrency exchange FTX has fallen prey to a cybersecurity incident, compromising non-sensitive customer data for select claimants. The incident has also affected another struggling crypto e­ntity, BlockFi. It seems to be a similar security breach happening concurrently. FTX took prompt action by addressing the issue in a twee­t. They […]

Filed Under: News, World Tagged With: blockfi, Cryptocurrency, ftx

SEC Agree To Waive BlockFi’s $30M Fine On One Condition

June 24, 2023 by Lipika Deka

Troubled crypto lender BlockFi got a major relief after the SEC agreed to spare the $30 million penalty it owed to the commission. The amount is the remainder of the $50 million fine that must be paid to the SEC for failing to register with the regulator for the offering and sale of its crypto […]

Filed Under: News Tagged With: blockfi, Crypto lender, SEC

BlockFi to Repay $297 Million to its Users

May 12, 2023 by Aditya

BlockFi, a well-known cryptocurrency lending platform, has made the news again due to recent developments. In November 2022, the company filed for Chapter 11 bankruptcy protection. However, a US judge has now authorized the company to refund $297 million to customers who had deposited funds in its Wallet program. Although this digital asset is returning […]

Filed Under: News Tagged With: blockfi, Crypto, Cryptocurrency

$50M Frozen: Federal Prosecutors Target FTX Sam Bankman-Fried’s Farmington State Bank

January 25, 2023 by Mishal Ali

The Federal prosecutors have reportedly seized nearly $50 million of Sam Bankman-Fried, former CEO of FTX, from the account of Farmington State Bank, a small institution based in the tiny town of Farmington, Washington, according to a January 23rd report. The bank, which had previously been known for its specialization in agricultural loans to farmers, had […]

Filed Under: News, World Tagged With: alameda Research, blockfi, ftx

Argo Blockchain’s Bankruptcy Screenshot Leaked – Stakeholders To Brace For Dec 12

December 10, 2022 by Mishal Ali

Argo Blockchain, an enterprise-scale provider of cryptocurrency mining and smart contract services, will declare bankruptcy. On December 9th, Will Foxley, the content director at Compass Mining, tweeted a screenshot of the Argo Blockchain “special information for stakeholders” regarding its bankruptcy, scheduled for December 12th. As the crypto industry heads towards deeper crypto winter, cryptocurrencies are not only […]

Filed Under: Blockchain Tagged With: Argo blockchain, Bitcoin, blockfi, Crypto Mining, ftx

BlockFi and SBF Lock Horns Over Robinhood Shares

November 29, 2022 by Aishwarya shashikumar

According to the Financial Times, which cited loan documents it had seen, cryptocurrency lender BlockFi, which on Monday filed for bankruptcy protection, sued Emergent Fidelity Technologies, the company owned by FTX founder Sam Bankman-Fried, on the same day for Robinhood (HOOD) shares that had been pledged to BlockFi as collateral. According to the complaint, on […]

Filed Under: News, World Tagged With: blockfi, ftx, Sam Bankman-Fried, SBF

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