Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the ...
After filing for bankruptcy in November, BlockFi kept $227 million in unprotected funds via a money market mutual fund, the U.S. Trustee wrote in a court filing on March 10. Funds in a money ...
According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by the troubled Silicon Valley ...
“BlockFi is fine,” Christine Okike of Kirkland & Ellis said on behalf of the company in a bankruptcy hearing Monday. “We have access to cash to operate in the normal course, including paying ...
BlockFi Inc. said Monday it won’t be hurt by the collapse of Silicon Valley Bank and has plenty of cash to cover expenses in bankruptcy, addressing concerns over the cryptocurrency lender’s ...
BlockFi still has cash access in spite of its significant holdings at collapsed California lender Silicon Valley Bank (SVB), a federal bankruptcy court in New Jersey was told Monday. In a Friday ...
BlockFi, Circle, Avalanche, Yuga Labs, and Proof are among crypto names that had exposure to Silicon Valley Bank.
Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing, claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally. According to a ...
On this special episode of our weekly podcast, On The Merits, we hear what it’s like to be an attorney managing the downfall ...