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CryptoCurrency
BlockFi Lost California License Two Years After Bankruptcy
2024-11-08T08:21:35.046+02:00
The California state regulator suspended the collapsed crypto lender’s license in November 2022.
It blamed the platform for failing to consider borrowers’ ability to repay their loans, among other things.
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CryptoCurrency
Bankrupt BlockFi Aims to Return “100% of Eligible Claims” amid Recovery from FTX
2024-07-26T09:07:33.746+02:00
The crypto lender will first initiate the distribution of claims to US-based creditors.
International creditors might have to wait longer due to Bermuda’s regulatory requirements.
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CryptoCurrency
FTX and BlockFi Granted Court Approval to Resume Claims Settlement
2023-11-14T18:16:27.295+02:00
BlockFi's CEO, Zac Prince, recently testified against Sam Bankman-Fried.
Prince mentioned that BlockFi was affected by the collapse of FTX.
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CryptoCurrency
BlockFi's Recovery Plan: What's Next for Crypto Investors?
2023-10-25T08:31:21.318+02:00
BlockFi has revealed its post-bankruptcy recovery plan.
The Wallet withdrawal window is scheduled to close on December 31.
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CryptoCurrency
Sam Bankman-Fried's Trial: BlockFi's CEO Discloses Billion-Dollar Loss, Links with Alameda
2023-10-13T22:45:29.220+02:00
Prince said that Alameda Research's loans pushed BlockFi into bankruptcy.
BlockFi's involvement with the hedge fund began between 2020 and 2021.
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CryptoCurrency
FTX, BlockFI and Genesis’ Customer Data Exposed in “SIM Swapping Attack”
2023-08-25T20:36:59.370+02:00
The crypto exchange, FTX said compromised customer data is “non-sensitive.”
However, the firm urged customers to be on high alert for scam emails.
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CryptoCurrency
Bankrupt BlockFi Gets Court’s Backing, Enables Withdrawal for US Customers
2023-08-17T21:27:52.410+02:00
The firm looks forward to permitting withdrawal for international clients.
BlockFi had exposure of $1.2 billion to FTX and Alameda Research.
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CryptoCurrency
BlockFi Has $1.2 Billon FTX, Alameda Exposure
2023-01-25T11:30:47.907+02:00
The reported figure was an unredacted company filing that was mistakenly uploaded.
It is much greater than the figures in previous public disclosures.
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Executives
Kraken Hires Ex-BlockFi VP, Samia Bayou, as Head of Prime Finance
2023-01-13T19:09:53.534+02:00
Bayou brings about 18 years of industry experience to the role.
The executive's appointment comes despite continued crypto job cuts in 2023.
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CryptoCurrency
BlockFi Sues Sam Bankman-Fried over Robinhood Stock Collaterals
2022-11-29T19:05:58.057+02:00
Bankman-Fried acquired 7.6 percent HOOD stocks earlier this year.
He collateralized HOOD stocks by taking a loan for Alameda Research.
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CryptoCurrency
Crypto Lender BlockFi Files for Bankrupty Protection in the US
2022-11-28T20:00:03.480+02:00
The development comes weeks after BlockFi halted customer withdrawals.
The crypto lender owes FTX.US $275 million.
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CryptoCurrency
BlockFi on the Brink of Bankruptcy? Another Victim of FTX Collapse
2022-11-16T13:01:33.684+02:00
The crypto lender plans to lay off staff and go bankrupt, according to WSJ.
It is another potential move after freezing deposits last week.
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CryptoCurrency
BlockFi Halts Withdrawals Citing ‘Lack of Clarity’ on FTX Situation
2022-11-11T12:03:03.669+02:00
The crypto lending platform received a $400 million credit facility from FTX US.
Two days ago, BlockFi’s COO assured uninterrupted operations of BlockFi products despite the FTX fiasco.
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News
BlockFi to Stop Accepting Grayscale Bitcoin Trust as Collateral
2022-07-13T23:19:00.000+02:00
Grayscale Investments declined to comment about the matter in the press.
BlockFi has been able to maintain operations despite the crypto crisis.
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CryptoCurrency
BlockFi and FTX Ink $250 Million Revolving Credit Agreement
2022-06-21T19:24:00.000+02:00
BlockFi recently reduced its headcount by almost 20%
The crypto firm will have access to capital thanks to the revolving credit facility.
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Analysis
CryptoCurrency
Analysis
‘Crypto Winter’: What’s with All the Mass Layoffs?
2022-06-17T14:38:03.009+02:00
Market volatility precipitated the mass retrenchment.
However, experts also point to unpreparedness on the part of industry actors.
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News
BlockFi Warns against Phishing Attacks after Vendor Data Breach
2022-03-21T09:56:33.499+02:00
Client details of BlockFi that were stored on Hubspot were breached.
It assured that its internal systems are safe.
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CryptoCurrency
What Will Be the Future of Crypto Lending?
2022-02-25T14:37:46.014+02:00
BlockFi’s recent settlement with the US SEC might push for regulatory guidelines.
Non-US regulators are more advanced in crypto regulations.
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News
Nexo Halts Interest on New Crypto Deposits for US Customers
2022-02-21T08:45:11.191+02:00
The changes in terms will only be applicable to US customers.
It came after BlockFi settled with US regulators.
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News
BlockFi to Pay $100 Million for Settlement with SEC and States
2022-02-14T08:45:16.147+02:00
The platform will pay $50 million to the SEC and the rest to state regulators.
It cannot open new accounts for most Americans.
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