Planet noon news

Silvergate to return $9.85M deposit to BlockFi

Silvergate to return $9.85M deposit to BlockFi

The two companies set up a reserve agreement prior to the latter's bankruptcy.

BlockFi to Reveal Statement of Financial Affairs on January 11th

The company had earlier laid off 20% of its workforce amidst industry headwinds in the summer of 2022.

BlockFi Management Hasn't Withdrawn Any Crypto Since October

The bankrupt crypto lender will publish its assets, liabilities and statement of financial affairs on Wednesday.

Bankman-Fried Robinhood shares are the target of a BlockFi lawsuit

Soon after it filed for bankruptcy protection, BlockFi sued SBF over shares he allegedly pledged to the lender as collateral, according to the Financial Times.

Crypto bankruptcy filings: From 3AC to BlockFi

Here is a timeline of the major crypto bankruptcies in the past six months.

BlockFi Filing for Bankruptcy and Conducting Major Layoffs

BlockFi is the latest crypto firm to file for bankruptcy following the collapse of Sam Bankman-Fried's crypto empire.

BlockFi Files for Bankruptcy, Latest Crypto Company to Fail

In its bankruptcy filing, BlockFi claimed more than 100,000 creditors, and liabilities ranging from $1 billion to $10 billion.

BlockFi Regulates Platform Activity

The business claimed that it was unable to conduct business as usual due to “a lack of clarification on the status of FTX.com, FTX US, and Alameda.”

3 Safe Alternatives To BlockFi

Several top-tier crypto lending platforms have found themselves in a pickle lately. BlockFi is affected by the recent bankruptcy filing ...