BlockFi
SBF borrowed $546M from Alameda to fund Robinhood share purchase
A sworn statement by the FTX organizer uncovered that Alameda subsidized the acquisition of Robinhood shares, which were subsequently utilized as guarantee for Alameda to get a credit from BlockFi….
FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares
The 56 million Robinhood Markets shares in question are as of now worth around $450 million. Troubled crypto trade FTX requested the help of a US chapter 11 appointed authority…
BlockFi files motion to return frozen crypto to wallet users
Crypto moneylender BlockFi has asked a U.S. chapter 11 court for the power to return the crypto held in BlockFi wallets to clients. Bankrupt crypto loaning stage BlockFi has documented…
Bankruptcy court told FTX and Alameda owe BlockFi $1B… but it’s complicated
While BlockFi has endeavored to isolate itself from FTX and Alameda in its liquidation procedures, it has numerous monetary connections to firms claimed by SBF. A legal counselor for BlockFi…
Silvergate denies recent FUD, confirms minimal exposure to BlockFi
Silvergate Capital has rushed to move away from the now-bankrupt crypto loan specialist BlockFi. Institutional crypto administrations supplier Silvergate Capital has affirmed its negligible openness to the beset BlockFi crypto…
Payments company Curve bids for BlockFi’s 87,000 credit card customers
A Bend representative has affirmed they have been in exchanges to procure BlockFi’s Mastercard program’s clients since Nov. 12. Installments organization Bend is in dynamic conversations to gain crypto loan…
BlockFi limits platform activity, including a halt on client withdrawals
“We expect to convey as oftentimes as could really be expected […] yet guess that this will be less successive than what our clients and different partners are utilized to.”…
BlockFi discloses that as of the end of Q2 it had $1.8B in outstanding loans
Centralized crypto lender BlockFi outlined the total amount of loans and net risk exposure it carried at the end of Q2 2022 and disclosed that it had $1.8 billion in…
BlockFi declares deal with FTX US, to boost liquidity
According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021. It will give…
BlockFi received the Money Services License in Iowa
BlockFi announced on June 28 that it has scored itself a Money Services License in the state. Just two weeks earlier it has been fined by Iowa’s regulators for offering…
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