Tags: BlockFi

The bankrupt crypto lender will start distributing funds to clients via Coinbase later this month.

The agreement reached with FTX and Alameda Research plays a pivotal role in BlockFi’s bankruptcy and reorganization strategy.

BlockFi asserted that Three Arrows Capital owed them $129 million, while the latter countered with an even bigger claim.

BlockFi Interest Account holders will be updated on the compensation they are eligible for in the coming months.

BlockFi Clients Can Now Submit Withdrawal Requests as Bankruptcy Plan Takes Effect

Like Genesis, BlockFi’s CEO says they didn’t get the full picture about Alameda’s loans from FTX.

Federal Judge Orders Mediation for BlockFi and Three Arrows Capital Dispute Over $284 Million Payments

BlockFi owes up to $10 billion to 100,000+ creditors, including $1 billion to top creditors and $220 million to Three Arrows Capital.

Coinbase Prime users have supposedly invested $57 million in the new lending program so far.

The bankrupt crypto exchange asserted that FTX account passwords were not maintained by Kroll, and its own systems were not affected.

Cybersecurity Breach at Kroll Affects FTX and BlockFi Claimants‘ Data

BlockFi Challenges FTX, Three Arrows in Legal Dispute Over Repayments

BlockFi Complies with Court Order, Permits Crypto Withdrawals for Eligible US Users

BlockFi said that the Official Committee of Unsecured Creditors have backed the proposal.

Report: BlockFi‘s Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet

FTX, Three Arrows, and SEC Join Forces Against BlockFi‘s Bankruptcy Plans, Unveiling Billion-Dollar Dispute

Today in Crypto: JPMorgan Deploys JPM Coin for Euro-Denominated Payments, Casa Rolls out Support for Ethereum Storage, US SEC Grants BlockFi Temporary Relief From Settling a $30M Penalty, Gemini Staking Pro Expands to the UK

The agency believes the decision will help speed up the repayment process for customers of the bankrupt lender.

The withdrawals will be reopened upon the completion of necessary upgrades

Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round of Accusations at Huobi Founder’s Brother, Digital Yuan Enters Vietnam Border Region

The once-prominent crypto lender filed for bankruptcy last year.