BlockFi

According to reports, BNY Mellon has hired Maxime de Guillebon, former CEO of Zodia Customer, as the head of digital asset products and appointed Rachel Willis, a former BlockFi em

According to reports, Xclaim, a bankruptcy claims trading platform, has completed a round A financing of $7 million. Xclaim allows for the trading of major bankruptcy creditor clai

According to reports, the bankruptcy judge approved the sale of BlockFi’s mining machines and other physical assets for $4.7 million. These assets were sold to a company called US Farms. Interpretation of this information: The recent bankruptcy proceedings of BlockFi have resulted in the approval of the sale of the company’s mining machines and other physical assets for $4.7 million to a company known as US Farms. This decision was made by the bankruptcy judge after careful consideration of the potential benefits and drawbacks of selling off these assets. One…

It was reported that a bankruptcy court in New Jersey was informed on Monday that although BlockFi held a large amount of uninsured funds in the bankrupt Silicon Valley Bank (SVB), it still had the right to use cash. Interpretation of this information: The news that BlockFi, a leading cryptocurrency platform, holds a considerable amount of uninsured funds in the bankrupt Silicon Valley Bank (SVB) has sparked concerns among its users. However, according to recent reports, the company has informed a bankruptcy court in New Jersey that it still has…

21:00-7:00 Key words: BlockFi, Silicon Valley Bank, Circle, Brex Interpretation of this information: The message pertains to several key players in the fintech industry. BlockFi, a crypto lending and borrowing platform, has partnered with Silicon Valley Bank to provide USD loans to its customers as a way to expand its offerings beyond just cryptocurrency-based loans. This partnership will allow BlockFi to better serve its institutional clients and expand its reach globally. Additionally, the message mentions Circle, a global financial technology firm, which has just announced the launch of its new…

It is reported that according to the order of Michael Kaplan, the US bankruptcy judge, BlockFi’s proposal to return the digital assets in the customer’s wallet was postponed, while the two sides tried to resolve their differences. The dispute has escalated to BlockFi accusing creditors of “being divorced from reality”, while creditors accused BlockFi of “losing temper”. Interpretation of this information: The recent news surrounding BlockFi and its bankruptcy case has been met with disappointment as the proposal to return digital assets held by customers has now been postponed. Michael…

It is reported that BlockFi proposed to cancel the bankruptcy case of Emergent Fidelity Technologies on Thursday. Emergent is an Antigua shell company with 90% shares owned by SBF, with 56 million shares of Robin Hood (HOOD) and some cash. BlockFi believed that Emergent’s Antigua liquidator applied for bankruptcy protection in the United States, which made the situation more complicated. Interpretation of this information: BlockFi, a fintech company, has requested the termination of the bankruptcy filing of Emergent Fidelity Technologies. Emergent, which operates as an Antigua-based shell company, is majority-owned…

On February 14, BlockFi, the encryption and lending company that has filed for bankruptcy, tweeted today: “From today on, BlockFi customers will receive important information about the proof of the claim process from Kroll, the claim agent of BlockFi, via email and/or email. The deadline for submitting the proof of claim is 17:00 EST on March 31, 2023 (06:00 Beijing time on April 1).” Interpretation of this information: BlockFi is an encryption and lending company that has filed for bankruptcy. In light of this development, the company has taken measures…