The BlockFi bankruptcy case, culminating in a significant payout to its legal team, underscores the intricate and costly nature of legal battles in cryptocurrency. As firms like Kirkland & Ellis ...

In a recent update, Zac Prince, the founder and former CEO of the now-bankrupt cryptocurrency lender BlockFi, has shared ...

According to a source that spoke with Decrypt, alongside the bankruptcy proceedings, BlockFi will also be laying off a “large portion” of its staff. With the recent implosion of FTX and the connected ...

“Fee examiners have become more prevalent recently because of very significant bankruptcy cases seeking recompense for ...

FTX Creditors to Receive At Least 118% of Allowed Claims in Cash within 60 Days of Effectiveness. Other Creditors to Receive 100% of Allowed Claims plus Billions in Compens ...

Renzi said that BlockFi had sold a portion of its crypto assets earlier in November to fund its bankruptcy. Those sales raised $238.6 million in cash, and BlockFi now has $256.5 million in cash on ...

In its bankruptcy filing in November 2022, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for its collapse. Separately, FTX founder Sam Bankman-Fried is currently ...

NEW YORK: BlockFi, the first direct casualty of crypto exchange FTX’s collapse, tells a US bankruptcy judge that the US cryptocurrency lender was “the antithesis of FTX” and that it would ...

There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events in ...

Bankruptcy courts face the dilemma of balancing ... U.S.C. § 502), and not the higher value at confirmation. For example, BlockFi (a crypto exchange that offered customers the option to deposit ...

Trendy fashion retailer Express Inc. has filed for bankruptcy after consistently struggling with continued missteps over its merchandise mix that failed to get shoppers excited. The retailer filed ...

Bankruptcy, on the other hand, is a legal debt relief avenue by which the courts can require your lenders to discharge your debt (Chapter 7 bankruptcy) or work with you to restructure your assets ...