BlockFi Inc.

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Case overview

Case Number:

3:22-bk-19361

Court:

New Jersey

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

July 14, 2023
BlockFi Knew FTX Was No Good, Creditors Allege

A detailed investigation released by a group of BlockFi Inc. creditors on Friday lays out allegations that the crypto firm nurtured a close relationship with FTX and its sister company Alameda Research, despite knowing that FTX's financials were not up to par more than a year before the firm's alleged fraud came to light.
July 11, 2023
BlockFi Says Hong Kong-Based Lender Ran Off With $6M

Bankrupt crypto lender BlockFi has sued a Hong Kong firm seeking $6 million stemming from collateral it posted for a loan, claiming the firm violated bankruptcy procedures by liquidating the sum after BlockFi filed for Chapter 11 protection.
July 06, 2023
FTX, SEC, 3AC Take Issue With BlockFi Bankruptcy Plan

Bankrupt crypto exchange FTX accused BlockFi, the crypto lender it once sought to save, of committing an "abuse of the plan process" by sending FTX claims further back in line in its latest Chapter 11 plan, which is also facing objections from a federal regulator and bankrupt crypto hedge fund Three Arrows Capital.
June 28, 2023
BlockFi Customers Want Crypto Lender Liquidated

Dissatisfied customers of crypto firm BlockFi Inc. are calling on a bankruptcy judge to place the organization into Chapter 7 liquidation, arguing that company leaders know they have reached a dead end but refuse to "give up the ghost" because they fear litigation over the company's FTX exposure.
June 23, 2023
SEC Says It Can Wait To Collect $30M BlockFi Penalty

The U.S. Securities and Exchange Commission has agreed to wait in line behind BlockFi customers before collecting $30 million from an enforcement settlement, saying it hoped to avoid delay in getting the customers of the bankrupt crypto firm paid.
June 14, 2023
BlockFi Says Conn. Banking Dept. Is Squeezing Ch. 11 Estate

Bankrupt cryptocurrency lender BlockFi has sued Connecticut's banking regulator in an attempt to halt an upcoming hearing on its bid to revoke the company's money transmission license.
May 22, 2023
BlockFi Says It Acted 'Prematurely' Courting Creditor Votes

Bankrupt crypto lender BlockFi followed a judge's order when it walked back public statements it made urging creditors to support a newly proposed reorganization plan that drew the ire of its creditors committee, which accused the firm of a "broad and illegal solicitation campaign" for a plan they oppose.
May 11, 2023
BlockFi's Account Transfer Cutoff Upheld In Ch. 11 Case

A New Jersey bankruptcy judge ruled Thursday that cryptocurrency platform BlockFi can retain $375 million in assets customers attempted to withdraw on a still-functioning user interface after the company suspended transactions.
May 08, 2023
BlockFi Customers Dispute Account Transfer Cutoff

A group of BlockFi customers told a New Jersey bankruptcy judge Monday that $375 million more in cryptocurrency should count as customer property in the platform's Chapter 11 case because it took eight days to shut down its customer app after it suspended transactions.
April 27, 2023
BlockFi Gets OK For Alternative Cash Deposits

A New Jersey bankruptcy judge Thursday gave cryptocurrency platform BlockFi permission to put $275 million in cash into a money market account if it can't arrange for a Bankruptcy Code-compliant bank account by Monday.