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.
Like Genesis, BlockFi’s CEO says they didn’t get the full picture about Alameda’s loans from FTX.
BlockFi owes up to $10 billion to 100,000+ creditors, including $1 billion to top creditors and $220 million to Three…
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…
BlockFi said that the Official Committee of Unsecured Creditors have backed the proposal.
BlockFi's newly proposed plan faces opposition from FTX.
The agency believes the decision will help speed up the repayment process for customers of the bankrupt lender.