BlockFi Inc.

Track this case

Case overview

Case Number:

3:22-bk-19361

Court:

New Jersey

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

April 19, 2023
BlockFi Gets Month Extension On Ch. 11 Plan Deadline

A New Jersey bankruptcy judge Wednesday extended the deadline cryptocurrency platform BlockFi Inc. has to file its Chapter 11 plan to the middle of next month, saying it was worth a short delay to ensure the case continues to run smoothly.
March 23, 2023
BlockFi To Move $236M Out Of Silicon Valley Bank In Ch. 11

Bankrupt cryptocurrency platform BlockFi Inc. told a New Jersey judge Thursday that it intends to transfer $236 million of cash out of accounts at the Silicon Valley bridge bank at the insistence of the Office of the United States Trustee so the money can be protected in an approved depository institution.
March 13, 2023
BlockFi Wants Suits Paused So Execs Can 'Focus' On Ch. 11

Cryptocurrency company BlockFi Inc. asked a New Jersey bankruptcy judge on Monday to pause two putative securities class actions against the company's directors and officers so that they can focus on handling BlockFi's Chapter 11 case.
January 30, 2023
BlockFi Approved For Ch. 11 Mining Operation Sale Process

Cryptocurrency platform BlockFi Inc. received approval Monday for its proposed timeline to sell its digital coin mining assets through its New Jersey Chapter 11 proceeding, making changes to the motion to address concerns raised by the federal bankruptcy watchdog.
January 27, 2023
BlockFi Cleared For $10M In Ch. 11 Retention Payments

Bankrupt cryptocurrency investment platform BlockFi received approval Friday from a New Jersey federal judge to pay nearly $10 million in retention bonuses to 125 employees it says are critical to its business, permitting the relief after the company reached a deal with creditors.
January 25, 2023
Clawback Issue Should Delay BlockFi Return, Committee Says

The committee of unsecured creditors in the Chapter 11 case of cryptocurrency platform BlockFi Inc. told a New Jersey bankruptcy judge that it supports the debtor's proposal to release digital assets to customers, but said issues about the validity of transfers to customer wallets need to be resolved first.
January 13, 2023
Voyager Sells Digital Assets For $1B, FTX Finds $5B In Crypto

Cryptocurrency debtors put billions of dollars in play this week as Voyager Digital Holdings got the nod for a $1 billion sale of assets and FTX Trading located $5 billion of its own assets. Over at the U.S. Supreme Court, the justices wrestled with Puerto Rican sovereignty in a case involving the island's fiscal board. This is the week in bankruptcy.
January 09, 2023
NJ Judge Says He Is First Stop For BlockFi-FTX Stock Dispute

A New Jersey bankruptcy judge Monday told the multiple parties seeking ownership of $460 million in stock being sought by bankrupt cryptocurrency platform BlockFi Inc. as collateral on a loan that his courtroom needs to be their first stop in the dispute.
December 21, 2022
Calif. Regulator Moves To Revoke BlockFi's Lending License

California's Department of Financial Protection and Innovation wants bankrupt BlockFi Lending LLC's state financing law license revoked, a move that comes after the regulator found that the New Jersey-based lender failed to perform adequate underwriting when making loans, according to a statement.
December 02, 2022
Interest Rates Doom Lender, Crypto Winter Persists

Rising interest rates forced a reverse mortgage lender into Chapter 11, cryptocurrency platform BlockFi succumbed to the downfall of exchange FTX Trading, and FTX itself faced calls for an examination of its collapse. This is the week in bankruptcy.