Tag: BlockFi

BlockFi Crypto Customers Lose Fight Over Disputed Coin Transfers – Bloomberg

BlockFi Inc. customers who tried to reclaim nearly $300 million in crypto after the company froze transfers last year don’t have a right to the digital assets, a judge ruled, handing potential losses to investors who held interest-bearing accounts. US Bankruptcy Judge Michael Kaplan sided with the company and dismissed the objections of a group of customers, who argued they…

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BlockFi Bankruptcy Filing Shows It Owes $30 Million to US SEC – Bloomberg

The US Securities and Exchange Commission is one of the largest creditors to BlockFi, which filed for bankruptcy in the wake of a number of failures within the digital-assets space. The regulator has a $30 million unsecured claim against the crypto lender, according to a filing Monday. That makes it BlockFi’s fourth-biggest creditor, behind Ankura Trust Company, which is listed…

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FTX Close to Buying BlockFi for Just $25M

Crypto exchange FTX is close to signing a deal to purchase struggling crypto lender BlockFi for $25 million, according to a person familiar with the matter. The news was first reported by CNBC. The deal is expected to be signed by the end of the week, the person familiar with the matter told CoinDesk. Source: FTX Close to Buying BlockFi…

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