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BlockFi
BlockFi’s Mining Assets May Head to Market; Musk Wants Twitter Payments System To Accommodate Crypto: RPT
Failed crypto lender BlockFi may sell some assets after a bankruptcy judge in New Jersey expressed approval of the plan as part of Chapter 11 bankruptcy proceedings designed to restore funds to creditors. Plus, the Financial Times reports that Elon Musk wants Twitter's payment system to be able to accept cryptocurrencies.
BlockFi's Crypto Mining Assets May Be Headed to Market After Bankruptcy Hearing
The crypto lender’s quest to get its hands on $580 million of Robinhood shares originally owned by FTX founder Sam Bankman-Fried has taken another turn, the court was told.
BlockFi’s $10M Staff Bonus Package Approved by NJ Bankruptcy Court Judge
The pay is necessary for the firm to retain critical workers, argued counsel for BlockFi.
Bitcoin Miner Bitfarms Warns of Default
Bitcoin miner Bitfarms (BITF) might have already or may in the future stop making installment payments on a $20 million loan from bankrupt crypto lender BlockFi, effectively defaulting on the loan, according to a press release. As a result, Bitfarms is looking to modify the loan. "The Hash" panel breaks down the details of the loan.
Crypto Bankruptcies Are Very Complicated
The FTX, Voyager, Celsius and BlockFi bankruptcy proceedings are proving how complicated they really are.
FTX Loan Wiped Out $800M in BlockFi Executives’ Equity, Court Filing Reveals
The crypto lender released extensive details of financial transactions in the run-up to its own collapse in November.
BlockFi Creditors Battle to Keep Their Details Secret
The legal tussle mirrors those already held for collapsed crypto lender Celsius and the FTX exchange.
BlockFi Management Hasn't Withdrawn Any Crypto Since October, Lawyer Tells Court
The bankrupt crypto lender will publish its assets, liabilities and statement of financial affairs on Wednesday.
Sam Bankman-Fried Seeks to Keep Grasp on $450M in Robinhood Shares
The FTX founder, who says he needs the money to pay his legal fees, is fighting rival claims to the stake by his former company and crypto lender BlockFi.
FTX's Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood Shares
Alameda took out a loan pledging those same shares as collateral.
