The California Department of Financial Protection and Innovation (DFPI) announced on November 7 that it has permanently revoked the operating license of the bankrupt cryptocurrency lender BlockFi, citing continued violations of the California Financing Law (CFL) and unsafe business practices. According to the DFPI, BlockFi agreed to the license revocation ...
Bankrupt crypto lender BlockFi will commence its first interim crypto distributions to its creditors through Coinbase. According to an announcement by the firm on X, the process would commence in July and continue in batches over the upcoming months. It noted eligible clients will be notified via the email associated ...
BlockFi, a cryptocurrency lending platform which declared bankruptcy after the collapse of FTX in November 2022, is now in the final stages of winding down its operations. The company has announced plans to cease its web platform operations by May. To assist clients in accessing and withdrawing their funds, BlockFi ...
BlockFi, the bankrupt crypto lender, has received conditional approval from the U.S. Bankruptcy Court in New Jersey for its reorganization plan. In a joint announcement made on August 2, 2023, BlockFi and its Creditors revealed that the reorganization plan outlines the company's strategy to settle its creditors, return assets to ...
Creditors of the bankrupt cryptocurrency lending firm BlockFi filed fresh court documents on May 15, 2023, to protest the company's new restructuring plan. The creditors accused BlockFi of intentionally prolonging the legal proceedings for its benefit. BlockFi presented its Chapter 11 reorganization plan to the United States Bankruptcy Court in ...
Defunct cryptocurrency lender, BlockFi, has agreed to reimburse over $100,000 to its California clients, who continued to repay loans despite a trading suspension on November 10, 2022. On March 27, 2023, the Department of Financial Protection and Innovation (DFPI), California's financial watchdog, reported that their investigation revealed that at least ...
