BlockFi | ForkLog

ForkLog 5 17.04.2023

Kingdom of Bhutan Allocated Part of Its Reserves to Buy Cryptocurrency

Bhutan's sovereign investment fund Druk Holding & Investments, with assets of $2.9 billion, was a client of the bankrupt BlockFi and Celsius. This follows from court documents, Forbes reports.

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ForkLog 5 28.03.2023

BlockFi to refund over $100,000 to California clients

The crypto-lending platform BlockFi will pay $103,471 to California-based clients who continued to repay loans for 11 days after the company suspended operations in November 2022.

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ForkLog 6 24.03.2023

BlockFi to sell mining assets worth $4.7 million

The bankruptcy court approved the sale of mining equipment and other physical assets worth $4.7 million from BlockFi, the crypto-lending platform. The Block reports.

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ForkLog 5 20.02.2023

BlockFi appeals bankruptcy of SBF-linked owner of 7.6% stake in Robinhood

The BlockFi platform, undergoing bankruptcy proceedings, urged the court to strip Emergent Fidelity Technologies Ltd, owned by the former CEO Sam Bankman-Fried (SBF), of creditor protections under Chapter 11 of the U.S. Code. The Wall Street Journal reported.

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ForkLog 6 10.02.2023

Bitfarms repays a $21m BlockFi loan with a $7.75m cash payment

The mining company Bitfarms repaid the remaining BlockFi loan totaling $21 million with a single cash payment of $7.75 million, under updated agreement terms.

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ForkLog 7 24.01.2023

Bloomberg: BlockFi sells ASIC-miner-backed loans worth $160 million

The bankrupt crypto-lending platform BlockFi is attempting to sell collateralized loans backed by around 68,000 bitcoin miners, worth about $160 million, Bloomberg reports.

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ForkLog 6 13.01.2023

Bitfarms Warns of Possible Default on BlockFi Loan

Bitfarms said it is seeking more favourable repayment terms for the $20 million remaining loan from the crypto-lending platform BlockFi. Among other actions, the firm allowed a halt in repayments.

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ForkLog 10 20.12.2022

BlockFi seeks court order to permit user withdrawals from wallet accounts

BlockFi, a crypto-lending platform, filed a motion in the District of New Jersey bankruptcy proceedings to permit withdrawals by users from wallet accounts.

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ForkLog 8 29.11.2022

Silvergate Capital reveals BlockFi deposit exposure under $20 million

Client deposits held by Silvergate Capital on BlockFi accounts do not exceed $20 million, and the lending platform itself is not participating in the SEN Leverage program. The crypto bank said in a statement.

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ForkLog 8 29.11.2022

FT: BlockFi sues the FTX founder’s company over Robinhood shares

Crypto-lending platform BlockFi has filed a suit against Emergent Fidelity Technologies, the company of Sam Bankman-Fried, to recoverRobinhood shares pledged as collateral. The Financial Times reports this, citing loan documents.

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ForkLog 15 28.11.2022

BlockFi files for Chapter 11 bankruptcy protection

The crypto lending platform BlockFi plans to file for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code on Monday, November 28. Decrypt reports, citing a source.

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ForkLog 14 16.11.2022

WSJ: BlockFi to file for Chapter 11 bankruptcy

The crypto lending platform BlockFi is preparing to file for Chapter 11 bankruptcy protection, according to The Wall Street Journal, citing people familiar with the matter.

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