blockfi

Meanwhile, FTX founder Sam Bankman-Fried (SBF) is serving his 25-year prison term following a court determination in March 2024. This sentence placed him at the high end for sentence length in prominent white-collar fraud cases, begging the question — what is Caroline Ellison’s fate? Based on the sentencing memorandum submitted on Tuesday, …

The U.S. Securities and Exchange Commission (SEC) has said it “reserves its rights” to object to proposals by FTX administrators to pay creditors in stablecoins. In a court filing released on Friday, the regulator said that it “is not opining as to the legality, under the federal securities laws, of …

The U.S. SEC has taken a critical stance on the bankruptcy settlement plan proposed by the troubled crypto exchange FTX. The SEC’s concerns focus on the exchange’s intention to repay creditors using stablecoins or other cryptocurrency assets. This move is seen as a potential breach of legal boundaries, with the …

Dakota will offer returns based on lending through decentralized finance protocols to overcome the drawbacks of centralized lenders. The company was founded by former Airbnb, Anchorage and Coinbase executives. It is aimed at businesses, which will pay a monthly fee. SEC’s Gensler Was ‘Consistent’ Despite Being ‘Fried Like a Chicken’ …

BlockFi has confirmed the sale of its FTX claims as the defunct centralized crypto lender’s bankruptcy process nears completion. BlockFi plan administrator and M3 Partners Managing Partner Mohsin Y. Meghji reported the sale to the United States Bankruptcy Court for the District of New Jersey on Monday, according to a …

Bankrupt crypto lender BlockFi’s plan administrator has asked a U.S. court for an order for the final distribution to make customers and unsecured creditors whole. “This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi,” said Mohsin Y. Meghji, Plan Administrator …

Bankrupt crypto lender BlockFi announced a significant step in its effort to repay its clients. In an X post on Wednesday, the lender noted that the first interim distribution of funds to clients through Coinbase will begin this month. According to BlockFi, the interim distribution will commence in July and …

Happy Thursday! In today’s Daily, WazirX gets hacked for over $230 million, Polygon sets a date for the MATIC to POL migration, Mt. Gox creditors report brute-force login attempts and more. Meanwhile, Lens targets Q4 for a mainnet launch on ZKsync, with the end goal of AI monetization. Let’s get started. WazirX exploited …

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Bankrupt crypto lender BlockFi will begin interim crypto distributions to creditors through Coinbase starting this month, …

BlockFi will start interim crypto distributions through Coinbase this month. Bankrupt crypto lender BlockFi will commence first interim crypto distributions through Coinbase (COIN) in July 2024, it announced on Thursday. BlockFi was the first victims of the contagion caused by crypto exchange FTX’s collapse in early November 2022 and filed …